Ether and XRP ETFs post outflows as crypto majors move higher

U.S. spot ether exchange-traded funds experienced roughly $39 million in net outflows on Thursday, marking a third consecutive session of withdrawals after about $224 million left on Wednesday and $141 million on Tuesday, according to SoSoValue. Those fund outflows came even as ether’s market price rose about 2% to near $2,470 over the same period, per CoinDesk data. Meanwhile, bitcoin-focused ETFs continued to attract capital, taking in approximately $159 million on Thursday. XRP funds reversed course from a small inflow the prior day and recorded about $5 million in outflows. Over a 30-day horizon, ether funds remain ahead by more than $1.5 billion and bitcoin funds by nearly $2.5 billion. Zcash and a handful of other tokens led gains among the majors. Zcash jumped about 10% to roughly $1,488, and its lone U.S. ETF pulled in nearly $47 million — the strongest daily inflow for the product in a month and contributing to over $230 million of inflows for the month so far. Hyperliquid’s HYPE rallied close to 10% to just above $86; solana rose about 5% to near $105; and BNB gained nearly 4% to around $750. Dogecoin advanced roughly 4%, ether and XRP about 2% each, and bitcoin climbed just over 1% to about $77,216, with tron largely unchanged. Market moves in crypto occurred alongside gains in traditional financial markets. Equities and bonds both rose as oil prices fell a day after the Federal Reserve raised interest rates for the first time since 2023. The S&P 500 notched about a 1% increase, its largest advance in six weeks, while the Nasdaq 100 added nearly 2% and a semiconductor index climbed about 3%. The 10-year Treasury yield declined, ending an eight-day rise, the dollar was little changed, gold edged higher, and Brent crude settled below $105 a barrel. The article notes that cheaper oil eases inflationary pressures targeted by the Fed, a factor that helped bonds rally alongside stocks and coincided with crypto’s trading patterns this week. Observers cited the zcash fund’s inflows as notable because they occurred on days when the two largest crypto ETFs were seeing outflows, flagging a flow dynamic to watch going into the following week.