CoinDesk
U.S. spot Bitcoin ETFs attracted roughly $159 million on Thursday as Bitcoin moved above $77,000, while Ether funds lost about $39 million for a third straight session and XRP funds shed roughly $5 million. The single U.S. Zcash fund added nearly $47 million, its strongest showing yet, lifting monthly inflows above $230 million. Ether rose 2% to about $2,470 despite the withdrawals, while Bitcoin gained more than 1% to about $77,216.
Why it matters
The flow picture is separating across crypto's largest listed products. Ether ETF outflows followed withdrawals of about $224 million on Wednesday and $141 million on Tuesday, even as the asset price advanced. Over 30 days, however, Ether funds remain more than $1.5 billion ahead, while Bitcoin funds are nearly $2.5 billion ahead.
Zcash is showing the sharpest relative momentum. Its fund is attracting money on days when the two largest crypto ETF groups are losing it, giving the market a new flow leader to watch. Whether that divergence holds through next week will help determine whether the move is durable or concentrated in a short burst of demand.
Market impact
Zcash rose 10% to about $1,488, while Hyperliquid's HYPE gained nearly 10% to above $86. Solana climbed 5% to nearly $105, BNB rose almost 4% to about $750, and Dogecoin gained about 4%. Ether and XRP advanced 2% each.
The broader backdrop also supported risk assets. The S&P 500 gained about 1%, the Nasdaq 100 rose nearly 2%, and chipmakers advanced 3% as Brent crude settled below $105 a barrel. The 10-year Treasury yield fell after an eight-day rise, while cheaper oil eased inflation concerns following the Federal Reserve's rate hike. Crypto moved with equities rather than ahead of them, making the next ETF flow readings important for judging whether Bitcoin and Zcash can sustain the latest bid.
Frequently asked questions
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How much did U.S. spot Bitcoin ETFs attract on Thursday?
U.S. spot Bitcoin ETFs attracted roughly $159 million on Thursday as Bitcoin moved above $77,000.
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Why were Ether ETF flows negative despite Ether rising?
Ether ETFs recorded about $39 million in net outflows for a third straight session, even as Ether rose 2% to about $2,470.
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What was notable about Zcash ETF activity?
The sole U.S. Zcash fund added nearly $47 million, its strongest showing yet, bringing monthly inflows above $230 million.
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How did XRP ETF flows perform?
XRP funds lost roughly $5 million, reversing a small inflow recorded the previous day.
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What broader market conditions supported crypto prices?
Stocks and bonds rallied as falling oil eased inflation concerns after the Federal Reserve raised rates. The S&P 500 gained about 1% and the Nasdaq 100 nearly 2%.
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