Ether ETFs continued to see redemptions even as ETH climbed, while most leading cryptocurrencies posted gains and Zcash extended its strong run.
U.S. spot ether exchange-traded funds recorded about $39 million in net outflows Thursday, marking a third consecutive day of withdrawals. The funds lost roughly $224 million on Wednesday and $141 million on Tuesday, according to SoSoValue. Ether gained 2% during the period, reaching about $2,470.
XRP ETFs also saw money leave the funds, with approximately $5 million in net outflows after recording a modest inflow the previous day. Bitcoin ETFs attracted around $159 million, while the only U.S. Zcash fund collected nearly $47 million. The Zcash fund’s latest inflow was its largest in a month that has brought total inflows above $230 million.
Over the past 30 days, ether ETFs still hold more than $1.5 billion in net inflows, while bitcoin ETFs have attracted nearly $2.5 billion.
Zcash again posted the biggest gain among major cryptocurrencies, rising 10% to approximately $1,488. Hyperliquid’s HYPE followed closely, gaining nearly 10% to above $86. Solana advanced 5% to nearly $105, while BNB rose almost 4% to roughly $750.
Dogecoin gained about 4%, while ether and XRP each climbed 2%. Bitcoin increased more than 1% to around $77,216, according to CoinDesk data. Tron was the only major token to show little change.
Risk Assets Rally as Oil Prices Decline
Equities and bonds moved higher as crude prices declined, a day after the Federal Reserve raised interest rates for the first time since 2023. The S&P 500 advanced about 1% for its strongest performance in six weeks, while the Nasdaq 100 gained nearly 2%. A semiconductor-stock gauge jumped 3%.
The 10-year Treasury yield declined, ending an eight-day streak of increases, while the dollar remained broadly stable. Gold advanced, and Brent crude settled below $105 per barrel.
Falling oil prices eased one of the inflation pressures behind the Fed’s rate decision, helping stocks and bonds rally simultaneously rather than moving in opposite directions.
Crypto markets have largely responded to the same macroeconomic backdrop this week. Major tokens have tracked the broader equity move instead of establishing an independent lead.
The Zcash ETF is also beginning to attract inflows on sessions when the two largest crypto ETFs are seeing withdrawals. Whether that divergence continues into next week will be an important flow trend to watch.
