Ether and XRP ETFs see outflows as bitcoin funds attract $159 million
Thursday’s listed-product flows split across major crypto assets while bitcoin climbed above $77,000, leaving the durability of the rebound unresolved.
U.S. spot ether exchange-traded funds recorded about $39 million in net outflows on Thursday, their third straight session of withdrawals, while spot bitcoin funds attracted roughly $159 million, according to CoinDesk’s flow report. XRP products also posted outflows in the same update. The divergence arrived as bitcoin moved above $77,000 and broader crypto prices gained.CoinDesk ETF flow report
Reuters-linked market coverage carried by Investing.com separately put bitcoin near $77,560 during Friday’s early session and tied the move to improving risk appetite, lower oil prices and softer Treasury yields. That corroborates the market direction, but it does not independently reproduce CoinDesk’s fund-by-fund flow totals.Reuters-linked market report
The useful distinction is price strength did not lift every ETF category. Investors can buy the underlying asset, rotate between wrappers or express a view through a different product even while the token itself rises.
Why bitcoin can rise while ether funds bleed
ETF flows measure creations and redemptions in listed vehicles, not every source of spot demand. Bitcoin funds may have benefited from deeper liquidity, stronger institutional familiarity or a preference for the largest market during a macro rebound. Ether and XRP funds can see withdrawals for fund-specific reasons, including profit-taking, relative performance, fee differences or portfolio rebalancing.
The three-session ether outflow streak is notable, but it is still a short sample. A single day cannot show whether investors are abandoning ether exposure or simply moving capital between products. The same caution applies to bitcoin’s $159 million inflow: it is meaningful flow data, not proof that the next session will repeat it.
Macro conditions add another layer. The Federal Reserve’s rate increase, the Bank of Japan’s policy decision and changes in oil and Treasury markets can all alter risk appetite at the same time. A fund flow may reflect those cross-market shifts without identifying a single cause.
The next test is breadth and persistence
The next useful evidence is whether bitcoin inflows remain positive while ether and XRP flows stabilize, or whether the split widens. Analysts should compare several sessions using the same data source and cutoff, then examine flows alongside spot volumes, futures positioning, spreads and asset performance.
ETF assets can also rise because prices rise. That means assets under management are not interchangeable with new money, and a larger product balance does not automatically mean more committed long-term holders. Flow data is strongest when it is paired with a clear time series and a transparent explanation of revisions.
For now, the market is showing selective institutional demand rather than a uniform crypto bid. A green bitcoin candle can hide mixed flows. This article is market reporting, not personalized financial advice.
