Bitcoin and Ether funds see $391 million in outflows
Bitcoin and Ethereum exchange-traded funds shed heavily in one day, while only XRP funds drew new money.
By Standard Topic. AI-generated from the reporting listed under Coverage. Published . Updated .
This story is no longer being updated. It reflects reporting up to .
What happened
Bitcoin and Ethereum ETFs recorded $391 million in outflows in a single day. Ethereum funds had earlier logged a brief inflow of $24.8 million before losing $130 million in one day. XRP ETFs were the only products that took in money.
Why it matters
Analysts cited in the reports suggest altcoins could lead the next crypto rally, while questions remain over whether Ethereum could fall to $2,000.
Coverage
- Bitcoin, Ethereum ETFs Face Outflows but Altcoins Could Lead the Next Rally, Grayscale Predicts (benzinga.com)
- Bitcoin and Ethereum ETFs Lost $391 Million in a Day. Only XRP ETFs Took Money In. (247wallst.com)
- Ethereum Fell 5% as Its ETF Comeback Lasted One Day. Is $2,000 Next? (247wallst.com)
- Hot inflation data pushes US stock futures lower
- US inflation accelerates as energy costs push up wholesale prices
- Hotter US inflation data sends bitcoin toward $81,000
- US inflation climbs to 3.7%, stocks slide and Fed hike fears grow
- Wholesale prices jump 6.3% annually in September
- US September inflation report comes in hot, pushing bitcoin lower
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