Ether, XRP ETF Inflow Streaks End as Bitcoin Funds Rebound
What happened: Ether ETFs saw $48 million in net outflows on September 2, ending a 12-session inflow streak that had attracted $1.
What happened: Ether ETFs saw $48 million in net outflows on September 2, ending a 12-session inflow streak that had attracted $1.62 billion. Spot XRP ETFs also posted $7.2 million in outflows, halting an 11-session run that brought in $170 million. Meanwhile, Bitcoin ETFs rebounded with $101.2 million in inflows after experiencing $236.5 million in outflows the previous day. Notably, BlackRock's staked ETH ETF (ETHB) attracted $53 million in new funds, even as other Ether products saw withdrawals.
Why it matters: The reversal in Ether and XRP ETF inflows suggests a pause or rotation in investor sentiment, rather than a wholesale exit from crypto exposure. The simultaneous inflows to Bitcoin and staked Ether products point to nuanced positioning among institutional investors. These ETF flows are increasingly influential in shaping short-term price action and may signal evolving preferences for yield-bearing versus spot crypto products.
Source: Cointelegraph, Bitcoin.com News