Crypto Market Sees Mixed Results as Bitcoin ETFs Bleed Cash
The crypto market experienced a mixed day on July 27, 2026. Bitcoin Exchange Traded Funds (ETFs) saw a net outflow of $11.64 million, led by BlackRock's IBIT at $8.82 million.
In contrast, Ethereum ETFs recorded a net inflow of $9.23 million, driven by BlackRock's ETHA fund. The XRP market broke its flat streak with a $592.47K inflow into Franklin's XRPZ fund.
The broader market fell alongside falling coin prices, with the total crypto market cap dropping to $2.17 trillion on July 27. Bitcoin dropped over 2.83% to trade at $63,443.77, Ethereum fell harder, down 4.43% to $1,871.24, and XRP price slid 5.06% to $1.04.
The Federal Reserve's meeting on July 28-29 could set the next move for crypto ETF news this week, with a hawkish tone from the Fed potentially pressuring Bitcoin and Ethereum further.