US spot Bitcoin exchange-traded funds (ETFs) experienced a reversal on Wednesday, recording $262 million in outflows. This shift followed $176 million in inflows the day before, according to SoSoValue data. The latest withdrawals brought this week’s net outflows to $151 million through Wednesday, adding to the $681 million in net outflows from the previous week.
The outflows coincided with Bitcoin’s decline below $82,000 after the US inflation report. At the time of publication, Bitcoin traded at approximately $80,741, down 3.2% over the past 24 hours, per CoinGecko.
Other cryptocurrency ETFs also saw net outflows. Ether (ETH) ETFs shed around $130 million on Wednesday, bringing weekly outflows to $190 million. Solana (SOL) ETFs recorded $1.3 million in outflows, extending their outflow streak to eight trading sessions, with $3 million in withdrawals this week. Zcash (ZEC) ETFs, despite attracting $3.7 million on Wednesday, remained negative for the week with $3.2 million in outflows.
XRP ETFs stood out as the sole category among the five tracked to post positive net flows this week, attracting about $740,000 on Wednesday.