Bitcoin (BTC) is going through a tough time on the American stock market. After an excellent start to the new year, a painful loss was reported yesterday for the third day in a row. At the same time, Ripple (XRP) funds have actually come back strongly after their initial outflow.
BTC funds lose $1.1 billion in 3 days
US Bitcoin spot exchange-traded funds (ETFs) recorded net outflows of $398.5 million yesterday.
It is the third consecutive trading day with a poor result. On Tuesday, $243.2 million flowed out and $486.1 million left on Wednesday. In three days, the funds have shrunk by $1,127.8 billion.
On Monday, the funds performed very well by raising $697.2 million. And on January 2, the first trading day of 2026, $471.3 million was also attracted.
BlackRock’s IBIT fund saw the most capital disappear yesterday with a loss of $193.3 million. Fidelity’s FBTC fund also had a very bad day with $120.5 million in outflows.
The outflows coincided with a turbulent day for the Bitcoin price itself. It initially fell from over $91,000 to a low of $89,300, but later in the day it managed to climb back to $91,000.
Green numbers on XRP and Solana
In January 2024, Bitcoin was the first cryptocurrency to make its way to Wall Street. A few months later, Ethereum (ETH) also received its own stock exchange funds and at the end of last year many more altcoins were listed on the stock exchange.
Ethereum funds had their worst trading day since December 16 yesterday, losing $159.17 million.
XRP still had a positive day. Data from SoSoValue shows that $8.72 million in fresh capital was raised. While on Wednesday the funds had recorded their first outflow since their launch in November.
The Solana funds have raised money every day since December 4 and yesterday was no different with an increase of $ 13.64 million.
Source: https://newsbit.nl/opnieuw-fikse-uitstroom-bij-bitcoin-etfs-maar-xrp-fondsen-herstellen/
