ETF Inflow Streaks for Ether and XRP Come to an End Amid Cryptocurrency Price Decline

Recent inflow streaks for Ether and XRP spot exchange-traded funds (ETF) have come to an end, according to data from SoSoValue. The streaks saw $1.62 billion in inflows into Ether ETFs over 12 trading days, but on Wednesday, these funds posted $48 million in net outflows.

The BlackRock’s iShares Ethereum Trust ETF (ETHA) led the losses with $53.4 million in outflows, followed by the Fidelity Ethereum Fund (FETH), which lost $26.2 million and the Grayscale Ethereum Staking ETF (ETHE), shedding $23.5 million. However, BlackRock’s staked Ether ETF (ETHB) partially offset those withdrawals with around $53 million in net inflows.

XRP spot ETFs also ended an 11-session inflow streak on Wednesday, posting $7.2 million in net outflows and bringing the cumulative XRP ETF inflows to about $1.68 billion during the streak.