Bitcoin ETFs shed $261M as XRP funds buck weekly outflow trend

Bitcoin ETFs have recorded $151 million in net outflows since Monday, after investors withdrew $681 million the previous week.US spot Bitcoin exchange-traded funds (ETFs) returned to net outflows for the week on Wednesday as BTC fell below $82,000.Bitcoin ETFs recorded about $262 million in outflows on Wednesday, reversing $176 million in inflows the day before, according to SoSoValue data. The latest withdrawals brought this week’s net outflows to $151 million through Wednesday. The funds logged $681 million in net outflows last week.Weekly flows in US spot Bitcoin ETFs. Source: SoSoValueThe outflows came as Bitcoin continued to decline after falling below $82,000 following Wednesday’s US inflation report. Bitcoin traded at about $80,741 at the time of publication, down 3.2% over the past 24 hours, according to CoinGecko.ETFs tracking Ether (ETH), Solana (SOL) and Zcash (ZEC) also recorded net outflows for the week through Wednesday. Ether ETFs shed around $130 million on Wednesday, bringing weekly outflows to $190 million. The funds recorded net outflows of $542 million last week and $138 million the week before.Solana ETFs recorded $1.3 million in outflows Wednesday, extending t...