U.S. exchange-traded funds tied to XRP were the only part of the domestic crypto ETF market to record a meaningful net inflow on Tuesday, taking in nearly $2 million while larger bitcoin and ether products moved in the opposite direction.

The session was marked by fresh withdrawals from Grayscale funds, which outweighed gains elsewhere in both the bitcoin and ether categories. Bitcoin ETF net assets also slipped back below the $100 billion mark after briefly moving above that level earlier this month.

XRP funds stand apart

The five U.S. XRP ETF products added almost $2 million on Tuesday, making them the lone area of notable positive flow across the crypto ETF market that day.

According to the reported figures, those XRP funds have now accumulated $1.69 billion in cumulative inflows. Over the past 30 days, they have brought in $173 million.

Bitcoin ETFs finish in the red

U.S. spot bitcoin ETFs posted net outflows of about $47 million for the session. Grayscale's GBTC was responsible for the largest move, recording $66 million in redemptions.

That pressure was partly offset by inflows into several competing products. BlackRock's IBIT, Bitwise's BITB, Ark and 21Shares' ARKB, and Morgan Stanley's MSBT together added roughly $41 million, but the gains were not enough to keep the category positive overall.

At the close, bitcoin ETF net assets stood at $99.52 billion. That left the segment back below the $100 billion threshold it had crossed on Sept. 3.

Ether follows the same pattern

The ether ETF group also ended the day lower. Grayscale's two ether products posted a combined $34 million in outflows, while Fidelity's FETH brought in $10 million.

With every other ether fund showing zero flows, the category finished down around $24 million on a net basis. The data pointed to a similar dynamic as bitcoin, with withdrawals from Grayscale outweighing new money entering rival products.

Other categories and what to watch

Outside the largest crypto ETF segments, Hyperliquid ETFs lost $13 million and solana products recorded outflows of less than $1 million.

One key point to monitor is whether redemptions from GBTC continue to outpace inflows into lower-fee alternatives. The source data notes that GBTC charges 1.50%, compared with 0.25% for IBIT, and says that fee difference has driven the split between the funds throughout the year.

Source: www.coindesk.com