Bitcoin-focused funds posted $120 million in outflows on Wednesday, marking a second consecutive day of net redemptions, according to CoinDesk. The withdrawal was more than double the loss recorded on Tuesday. In contrast, funds tied to ether, XRP and solana all attracted money on the day. CoinDesk said every fund outside the bitcoin category turned positive, pointing to a split session in crypto investment products in which bitcoin vehicles remained under pressure while other major token-linked funds saw fresh inflows. The report did not provide a further breakdown beyond the Wednesday bitcoin figure, the comparison with Tuesday, and the direction of flows for ether, XRP and solana funds.
Bitcoin funds saw $120 million in outflows on Wednesday, extending their losing streak to a second straight day, according to CoinDesk. The pullback was more than double Tuesday's loss.
Funds linked to ether, XRP and solana all posted inflows. CoinDesk said every fund outside the bitcoin category finished in the green on the day.
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