Ether, XRP ETFs See Outflows as Crypto Majors Gain Ground

Ether investment funds recorded another day of withdrawals despite a rise in the token’s price, while most major cryptocurrencies advanced and Zcash extended its recent gains.

U.S. spot ether exchange-traded funds posted approximately $39 million in net outflows Thursday, marking their third consecutive session of withdrawals. The funds saw about $224 million exit on Wednesday and another $141 million on Tuesday, according to SoSoValue. Over the same period, ether gained 2% to around $2,470.

XRP ETFs recorded roughly $5 million in outflows, reversing the modest inflow seen a day earlier. Bitcoin ETFs, meanwhile, attracted approximately $159 million, while the sole U.S. Zcash ETF brought in nearly $47 million. That marked its strongest daily inflow so far during a month in which the fund has attracted more than $230 million.

Despite the recent withdrawals, ether ETFs remain more than $1.5 billion in net inflows over the past 30 days, while bitcoin funds are ahead by nearly $2.5 billion.

Zcash once again led the major cryptocurrencies, rising 10% to around $1,488. Hyperliquid’s HYPE followed with a gain of nearly 10% to just above $86. Solana climbed 5% to almost $105, while BNB advanced nearly 4% to about $750.

Dogecoin added roughly 4%, while ether and XRP each gained 2%. Bitcoin rose more than 1% to around $77,216, according to CoinDesk data. Tron was the only major cryptocurrency to post little movement.

Stocks and Bonds Rise as Oil Retreats

Stocks and bonds both advanced as oil prices declined, one day after the Federal Reserve delivered its first rate increase since 2023. The S&P 500 climbed about 1%, marking its strongest gain in six weeks, while the Nasdaq 100 advanced nearly 2%. A benchmark tracking semiconductor stocks gained 3%.

The 10-year Treasury yield fell, ending an eight-session run of increases, while the U.S. dollar was largely unchanged. Gold moved higher, and Brent crude settled below $105 a barrel.

Lower oil prices helped ease some of the inflation pressure that prompted the Fed to raise rates. That backdrop allowed stocks and bonds to rise together rather than move in opposite directions.

Crypto markets have followed the same macro signal throughout the week, with major tokens largely moving alongside equities instead of leading the broader risk-asset move.

Zcash’s U.S. fund is now attracting capital on sessions when the two largest crypto ETFs are recording withdrawals. Whether that pattern continues into next week will be a key flow to monitor.