XRP ETFs stood out as the only crypto funds showing gains on Thursday, while Bitcoin (BTC), Ethereum (ETH), and Zcash (ZEC) ETFs experienced outflows. Bitcoin ETFs saw a significant withdrawal of $244 million, and the ZEC fund continued its streak of October outflows. The broader market saw Bitcoin rebound back to near $82,000 following a $1 billion liquidation event earlier in the day.
The data highlights a shift in investor sentiment, with XRP ETFs bucking the trend amid broader market fluctuations. Bitcoin’s price recovery came as geopolitical tensions eased, with former President Donald Trump ruling out strikes on Iran, leading to a drop in oil prices.
Other crypto news included developments in Solana’s block times, new controls on the XRP Ledger, and the U.S. government moving $1 billion in Bitcoin tied to the Bitfinex hack without immediate signs of a sale.