Crypto ETF Shake-Up: $1B Outflows Hit BTC and ETH as XRP ETF Debuts
ETFs tracking Bitcoin and Ethereum recorded more than $1.1 billion in combined outflows on Nov. 14, a sharp move that coincided with Bitcoin slipping below $97,000 as investors pared risk ahead of uncertain economic signals. The withdrawals weighed on ETF premiums and added selling pressure in spot markets, intensifying short-term volatility for BTC and ETH after recent gains.
By contrast, Canary Capital’s new XRP ETF (XRPC) opened with an unexpected $58 million in first-day volume, outperforming expectations and suggesting renewed demand for XRP exposure even as larger-cap products saw redemptions. The split between heavy outflows in BTC/ETH vehicles and a strong XRP debut underscores shifting capital flows within crypto — a reminder that token-specific catalysts can diverge from macro-driven risk sentiment.