Bitcoin ETFs Bleed $130M as Ether, XRP Gain Ground

The Bitcoin market saw significant outflows on Thursday, totaling $131.13 million in redemptions from various funds.

ARK 21Shares' ARKB led the withdrawals with $58.82 million, followed by Fidelity's FBTC at $55.12 million and Grayscale's GBTC with a loss of $36.29 million.

However, not all Bitcoin ETFs were affected equally, as two funds attracted capital: Grayscale's Bitcoin Mini Trust added $38.93 million, while Morgan Stanley's MSBT brought in $7.08 million.

Ether and XRP, on the other hand, saw a different story unfold. Ether ETFs added $6.72 million, led by a $6.47 million inflow into Grayscale's Ether Mini Trust, while XRP products drew $2.25 million in net inflows.