Ether and XRP ETFs post outflows as bitcoin moves above $77,000
Ether funds shed money for a third straight session even as the token rose, while every major gained and zcash extended its run.
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Summary
- U.S. spot ether exchange-traded funds posted about $39 million in net outflows Thursday, their third consecutive day of withdrawals, while bitcoin funds attracted roughly $159 million.
- Zcash rose 10% to about $1,488 as its sole U.S. fund drew nearly $47 million, bringing its monthly inflows to more than $230 million.
- Cryptocurrencies advanced alongside stocks and bonds as falling oil prices eased inflation concerns a day after the Federal Reserve raised interest rates.
