Moneyiar
Menu

Ether and XRP ETFs Record Outflows as Crypto Majors Rise

Ether and XRP ETFs saw outflows while major cryptocurrencies advanced. Ether funds posted their third straight session of losses despite ETH rising, and Zcash extended its run, CoinDesk reported.

CoinDesk 19 unique views
Ether and XRP ETFs Record Outflows as Crypto Majors Rise

Ether and XRP exchange-traded funds recorded outflows as major cryptocurrencies moved higher, according to CoinDesk. Ether-linked funds lost money for a third consecutive session, despite a rise in the underlying token. XRP ETFs also posted outflows, while every major cryptocurrency listed in the report gained. Zcash extended its recent run, adding to the stronger performance among the leading digital assets. The divergence between fund flows and token prices highlights differing market activity across crypto investment products and the spot market. The developments affect several assets tracked on Moneyiar, including Ethereum (ETH), XRP and Zcash (ZEC). Other related cryptocurrencies include Harmony (ONE), Flow (FLOW), FunToken (FUN), Infinity Ground (AIN), Monad (MON), Movement (MOVE) and Oasis Network (ROSE).

Source CoinDesk Written by Moneyiar based on reporting from the cited source and Moneyiar market data.
Read original source ↗

Related news

Based on this story’s market and assets

Comments