Bitcoin ETFs Rebound as Ethereum and XRP ETFs End Winning Streaks

In brief

• Spot Ethereum ETFs posted $48.08 million in net outflows Wednesday, ending a 12-day inflow streak that had pulled in $1.62 billion.
• Spot XRP ETFs recorded $7.2 million in outflows, snapping an 11-session run that brought in roughly $170 million and pushed cumulative inflows to $1.68 billion.
• Bitcoin ETFs rebounded with $101.15 million in net inflows, a day after posting $236.5 million in outflows, their largest single-day exit since July 31.

US spot Ethereum and XRP ETFs broke their winning streaks on Wednesday. Bitcoin funds went the other way, pulling in $101.15 million in fresh money, per SoSoValue and Decrypt data.

ETFs, or exchange-traded funds, are funds that trade like stocks and let investors buy exposure to a cryptocurrency's price through a regular brokerage account instead of holding the coin itself. Crypto ETFs have been extremely popular among investors, and market observers keep a close eye on the money going in and out of these funds as a key indicator of current sentiment.

Ethereum ETFs had logged 12 straight days of net inflows, meaning more money came into the funds than left them every single day for two and a half weeks. That streak gathered $1.62 billion before ending Wednesday with $48.08 million walking out the door.