What to Know

  • U.S. spot ether exchange-traded funds posted about $39 million in net outflows on Thursday, marking a third consecutive session of withdrawals.
  • Ether ETFs had already seen about $224 million leave on Wednesday and $141 million on Tuesday, even as ether rose 2% to about $2,470 over the same stretch.
  • Bitcoin ETFs attracted roughly $159 million, while bitcoin rose more than 1% to about $77,216.
  • XRP funds lost about $5 million, reversing a small inflow from the prior day, while XRP itself gained 2%.
  • Zcash rose 10% to about $1,488 as its single U.S. fund added nearly $47 million, taking monthly inflows to more than $230 million.
  • Across the broader market, major cryptocurrencies mostly advanced, with Solana, BNB, Dogecoin, ether, XRP and bitcoin all moving higher.
  • Stocks and bonds rallied as oil prices fell, with Brent crude settling under $105 a barrel and inflation concerns easing a day after the Federal Reserve raised interest rates.
  • The S&P 500 gained about 1%, the Nasdaq 100 rose nearly 2%, and a chipmaker gauge climbed 3%, while the 10-year Treasury yield fell after an eight-day rising streak.

Ether Funds Extend Withdrawal Streak Despite Token Gains

U.S. spot ether exchange-traded funds remained under pressure on Thursday, registering about $39 million in net outflows for a third straight session of withdrawals. The latest move followed heavier selling earlier in the week, when roughly $224 million left the products on Wednesday and about $141 million exited on Tuesday. The pattern stands out because ether itself did not weaken over the same stretch. Instead, the token rose 2% to about $2,470, showing a disconnect between spot market performance and ETF investor flow behavior.

For crypto market participants, that divergence is important. ETF flows are often treated as a real-time gauge of institutional and adviser-linked demand, while token prices also reflect offshore liquidity, derivatives positioning, broader risk appetite and short-term trading momentum. In this case, ether’s price gains suggest that buyers were still active in the underlying market even as U.S. ETF investors continued to pull capital from the listed products.

The third consecutive day of outflows may raise questions about whether ether ETFs are losing momentum in the short run after a stronger longer-term run. Over 30 days, however, ether funds remain more than $1.5 billion ahead, indicating that the latest withdrawals have not erased the broader inflow trend. That context matters because single-session ETF data can be volatile, especially during weeks when macroeconomic expectations, interest-rate pricing and equity market sentiment are shifting quickly.

Bitcoin ETFs Draw Fresh Demand as BTC Moves Above $77,000

Bitcoin funds moved in the opposite direction from ether products on Thursday, taking in roughly $159 million. The inflows came as bitcoin rose more than 1% to about $77,216, reinforcing its role as the primary institutional entry point for digital asset exposure. While ether funds suffered withdrawals, bitcoin products continued to attract capital, suggesting that allocators remained willing to add crypto risk but were favoring the largest token and its more established ETF market.

Bitcoin’s relative flow strength also comes against a favorable risk backdrop. Cryptocurrencies advanced alongside stocks and bonds as falling oil prices eased inflation concerns a day after the Federal Reserve raised interest rates. When investors see less immediate pressure from energy-driven inflation, risk assets can benefit, particularly if bond yields decline at the same time. That mix helped support crypto prices broadly, but ETF flow data showed a clear split between products.

Over 30 days, bitcoin ETFs remain nearly $2.5 billion ahead, underlining continued demand for bitcoin exposure through regulated U.S. vehicles. Market participants often view this kind of sustained positive flow as a structural support for bitcoin, though day-to-day price action can still be driven by leverage, derivatives liquidations and cross-asset sentiment. Thursday’s combination of positive ETF flows and a higher spot price offered a constructive signal for bitcoin bulls.

XRP Funds Reverse Into Outflows

XRP funds lost about $5 million on Thursday, reversing a small inflow from the day before. The withdrawal was smaller than the move seen in ether products, but it added another note of caution to the ETF flow picture outside bitcoin. XRP itself still gained 2%, matching ether’s advance, which again showed that fund flows and token prices did not move in perfect alignment during the session.

For XRP traders, the modest outflow may be less important than whether it develops into a longer streak. A single day of withdrawals can reflect portfolio rebalancing, tactical profit-taking or a shift in allocation priorities. Still, the reversal from a small inflow to an outflow highlights that demand across crypto investment products remains uneven. Investors may be expressing confidence in the broader asset class while still differentiating sharply among individual tokens and ETF wrappers.

Zcash Extends Its Run as Fund Demand Strengthens

Zcash was again the standout among major cryptocurrencies, rising 10% to about $1,488. Its single U.S. fund drew nearly $47 million, the strongest showing yet in a month that has brought it more than $230 million. The move is notable because the Zcash fund is attracting money on days when some of the largest crypto ETF categories are losing it, making it one of the more closely watched flow stories in the market.

Privacy-focused assets can move in distinct cycles from bitcoin and ether, and Zcash’s recent performance has put it firmly on traders’ radar. The latest fund inflow suggests that demand is not limited to spot token activity. It is also appearing through listed investment products, giving market participants another data point to monitor. Whether those inflows continue through next week is likely to be a key question for traders tracking momentum and rotation within the crypto market.

Other major tokens also gained. Hyperliquid’s HYPE rose nearly 10% to just above $86, closely trailing Zcash’s advance. Solana gained 5% to nearly $105, while BNB climbed nearly 4% to about $750. Dogecoin rose about 4%, and both ether and XRP added 2%. Tron was the only major token that barely moved, making Thursday’s crypto tape broadly positive but not entirely uniform.

Macro Backdrop Supports Risk Assets

The broader market setting helped explain the crypto advance. Equities and bonds both rallied as oil fell, a day after the Federal Reserve raised rates for the first time since 2023. The S&P 500 gained about 1%, marking its biggest advance in six weeks, while the Nasdaq 100 rose nearly 2%. A gauge of chipmakers climbed 3%, reflecting renewed strength in growth-sensitive and technology-linked segments of the equity market.

The bond market also joined the rally. The 10-year Treasury yield dropped, snapping an eight-day rising streak, while the dollar was little changed. Gold climbed, and Brent crude settled under $105 a barrel. The cross-asset message was that cheaper oil helped take some pressure off the inflation concerns that the Federal Reserve moved to address with higher rates. That gave investors room to buy both stocks and bonds, rather than treating one as a hedge against weakness in the other.

Crypto has traded on a similar signal through the week. Rather than breaking decisively ahead of equities, major tokens moved with the broader risk tape. That behavior suggests that macro conditions remain central to digital asset pricing, especially when interest-rate expectations and inflation fears are changing quickly. For now, lower oil prices and falling yields helped create a more supportive environment for bitcoin and most major altcoins.

ETF Flow Rotation Becomes the Market’s Key Watch

The most important story may not be that crypto prices rose, but that ETF flows split sharply across products. Bitcoin funds attracted fresh capital, ether funds posted their third consecutive withdrawal, XRP products slipped back into outflows, and the Zcash fund drew nearly $47 million. That pattern points to active rotation rather than simple broad-based buying or selling across digital asset funds.

Market participants will be watching whether ether ETF outflows slow, whether bitcoin funds continue to extend their 30-day lead, and whether Zcash can keep pulling in money while larger products see uneven demand. If flows remain divided, token-specific narratives may matter more than broad crypto beta in the next phase of trading. If flows converge again, the market may return to a cleaner risk-on or risk-off pattern tied more directly to equities, yields and the dollar.

For now, bitcoin’s rise above $77,000, ether’s gain despite fund withdrawals, and Zcash’s strong combination of price appreciation and fund inflows together show a market that is advancing, but not in a uniform way. FXCOINZ will continue monitoring whether ETF demand confirms the price rally or exposes deeper differences in investor conviction across crypto assets.

Frequently Asked Questions (FAQs)

How much money left U.S. spot ether ETFs on Thursday?

U.S. spot ether exchange-traded funds recorded about $39 million in net outflows on Thursday, marking a third consecutive day of withdrawals.

How much had ether ETFs lost earlier in the week?

Ether ETFs saw about $224 million leave on Wednesday and about $141 million on Tuesday before Thursday’s roughly $39 million outflow.

Did ether fall while its ETFs saw outflows?

No. Ether rose 2% to about $2,470 over the same stretch, showing that the token’s spot performance remained positive despite ETF withdrawals.

How did bitcoin ETFs perform?

Bitcoin ETFs attracted roughly $159 million, while bitcoin rose more than 1% to about $77,216.

What happened to XRP funds?

XRP funds lost about $5 million, reversing a small inflow from the prior day. XRP itself gained 2% during the broader crypto advance.

Why was Zcash in focus?

Zcash rose 10% to about $1,488, and its single U.S. fund added nearly $47 million, bringing monthly inflows to more than $230 million.

Which other cryptocurrencies gained?

Hyperliquid’s HYPE rose nearly 10% to just above $86, Solana gained 5% to nearly $105, BNB climbed nearly 4% to about $750, and Dogecoin advanced about 4%.

What macro factors supported crypto prices?

Cryptocurrencies advanced alongside stocks and bonds as oil prices fell, easing inflation concerns a day after the Federal Reserve raised interest rates.

Why do ETF flows matter for crypto traders?

ETF flows provide a window into demand through regulated investment products. They can show whether investors are adding or reducing exposure to specific crypto assets.