US spot Ether exchange-traded funds recorded $48 million in net outflows on Wednesday, bringing a 12-session inflow streak to a close. The reversal followed a strong run in which the products had pulled in $1.62 billion, based on data from SoSoValue.

Spot XRP ETFs also turned negative after 11 straight sessions of net inflows, while Bitcoin ETFs moved back into positive territory. The shift came during a broader pullback in crypto prices, with Ether, XRP and Bitcoin all lower over the past week.

Ether funds reverse after strong run

Wednesday’s net outflow ended the recent momentum for spot Ether ETFs, which had accumulated $1.62 billion across the prior 12 trading days. The latest session marked a clear break from that pattern, even though one fund still attracted fresh money.

Farside Investors data showed BlackRock’s iShares Ethereum Trust ETF, trading under the ETHA ticker, accounted for the largest withdrawal at $53.4 million. Fidelity’s Ethereum Fund, FETH, posted $26.2 million in outflows, while Grayscale’s ETHE lost $23.5 million.

Those redemptions were partly offset by roughly $53 million in net inflows into BlackRock’s staked Ether ETF, ETHB. Even so, the broader Ether ETF category finished the day in negative territory.

XRP streak also comes to an end

Spot XRP ETFs posted $7.2 million in net outflows on Wednesday, ending an 11-session inflow streak. During that run, the products had taken in about $170 million.

The earlier inflows had lifted cumulative net inflows for XRP ETFs to around $1.68 billion. The latest session did not erase that broader total, but it did interrupt a period of steady demand.

Bitcoin funds rebound from prior-day losses

Bitcoin ETFs moved in the opposite direction. The group brought in $101.2 million in net inflows on Wednesday after recording $236.5 million in net outflows the previous day.

That swing made Bitcoin the only one of the three major crypto ETF categories in the report to finish the session with positive net flows, contrasting with the pullback seen in both Ether and XRP products.

Flows shift as crypto prices soften

The change in fund flows coincided with weaker prices across the crypto market. Over the past seven days, Ether posted the largest decline among the three assets cited, falling 3.4%, according to CoinGecko.

XRP was down 2.4% over the same period, while Bitcoin fell 1.3%. At the time of publication, Ether traded at $2,407, XRP at $1.36 and Bitcoin at $77,744.

The next confirmed signal for the market will be whether these ETF categories resume their previous inflow trends in upcoming sessions or whether Wednesday’s reversal develops into a broader shift in demand.

Source: cointelegraph.com