Bitcoin ETF Outflows Shrink by $261 Million as XRP Funds Slow the Weekly Exit Trend

Bitcoin ETFs have recorded net outflows of $151 million since Monday, after investors withdrew $681 million the previous week.

Bitcoin exchange-traded funds (ETFs) returned to net outflows for the week on Wednesday as the price of bitcoin fell below $82,000.

Bitcoin ETFs recorded about $262 million in outflows on Wednesday, reversing $176 million in inflows the previous day, according to data from SoSoValue. The latest withdrawals brought net outflows this week to $151 million through Wednesday. These funds had a net outflow of $681 million last week.

Weekly flows in the US Spot Bitcoin ETF. Source: SoSoValue

The outflows came as bitcoin continued to slide after falling below $82,000 following Wednesday's US inflation report. Bitcoin was trading around $80,741 at press time, down 3.2% in the last 24 hours, according to CoinGecko.

ETFs tracking Ether (ETH), Solana (SOL) and Zcash (ZEC) also posted net outflows for the week ending Wednesday. Ether ETFs shed about $130 million on Wednesday, bringing weekly outflows to $190 million. These funds registered a net outflow of $542 million last week and $138 million the week before that.

Solana ETFs recorded $1.3 million in outflows on Wednesday, extending their outflow to eight trading sessions and $3 million in withdrawals this week. Zcash ETFs attracted $3.7 million on Wednesday but remained negative for the week with $3.2 million outflows.

XRP ETFs bucked the trend, pulling in around $740,000 on Wednesday, remaining the only category among the five tracked to record positive net inflows this week.