Crypto ETFs Bleed as XRP Funds Extend 13-Week Inflow Streak

• US spot Bitcoin ETFs recorded US$678.9 million in weekly net outflows, while Bitcoin itself fell 3.3% over the week.
• Ethereum ETFs extended their outflow streak to nine days, shedding US$697.4 million, with BlackRock’s ETHA accounting for US$450 million.
• Solana and Zcash ETFs also remained under pressure, with continued net outflows across both products.
• XRP ETFs bucked the broader sell-off with US$11.3 million in weekly net inflows, extending their positive streak to 13 weeks.

It wasn’t a great week for US spot crypto exchange-traded funds (ETFs). Most funds bled heavily, including those tracking major coins, such as Bitcoin (BTC), Ethereum (ETH) and Solana (SOL). Meanwhile, BTC itself is down 3.3% on the weekly timeframe, trading at US$83,675 (AU$119,874) at the time of writing.

ETH, XRP and SOL are also down, with losses of 6.8%, 7.5% and 7.6%, respectively.

Weekly ETF Roundup

Back to the US-traded crypto ETFs, BTC funds lost US$678.9 million (AU$972.2 million) last week, with three days in the red and Wednesday seeing the worst net outflows of US$484.9 million (AU$694.4 million). However, BlackRock’s IBIT – as usual the standout performer – was spared the worst and posted US$1.1 million (AU$1.5 million) in weekly gains amid mixed trading days.