XRP ETFs Defy Outflows as Bitcoin Drops to $82,000
Spot Bitcoin ETFs lost $244 million in a single day as market liquidations dragged prices down.
Advertising disclosure: we may earn a commission when you join an operator via links on this page, at no cost to you. This never dictates our ratings. How we make money
Key takeaways
- Spot Bitcoin funds recorded $244 million in net outflows on Thursday.
- A $1 billion market liquidation pushed Bitcoin back toward $82,000.
- XRP ETFs were the only major products to post net positive inflows.
- Zcash funds extended their streak of October redemptions.
Institutional money walked on Thursday. $244 million left spot Bitcoin ETFs in net outflows while spot prices slid back toward $82,000.
A rough day for major funds
That drop came on the heels of a massive market shakeout. Liquidations wiped out over $1 billion in leveraged trading positions in a single wave, hammering derivatives and spot markets simultaneously.
Bitcoin didn't take the hit alone. Ethereum products caught the cold, too. Meanwhile, Zcash (ZEC) funds kept shedding capital, extending an ongoing streak of October redemptions.
One asset ignored the carnage entirely. Spot XRP ETFs stood as the only products to finish Thursday in the green, pulling in net inflows while everything else bled out.
Why it matters
A $1 billion liquidation cascade flushes out over-leveraged retail traders in minutes. But $244 million exiting Bitcoin ETFs proves institutions are stepping back, too. Without fund inflows, spot markets lose their backstop. XRP's green day tells us capital isn't just fleeing to fiat. Traders are rotating into specific altcoin plays while waiting to see if Bitcoin holds a floor near $82,000.
Source: CoinDesk
Top Crypto Casinos Right Now
🇦🇺 Showing sites that accept players from Australia Change country
Advertising disclosure: we may earn a commission when you join an operator via links on this page, at no cost to you. This never dictates our ratings. How we make money
More info Less info
Why we chose it: A US-oriented casino that turns away only New Jersey. The cashier takes crypto, but the site publishes fewer specifics than any operator we list.
- KYC
- Required
Restricted countries: New Jersey (US).
More info Less info
Why we chose it: One of the widest crypto line-ups of any book we list - seven coins with fast payouts - aimed squarely at Asia and Latin America rather than the US or Western Europe.
- Licence
- Curacao
Restricted countries: Austria, Belgium, Bulgaria, Cyprus, Czechia, Germany, Denmark, Estonia and 21 more.
More info Less info
Why we chose it: Built for American bettors, priced accordingly. Biggest welcome bonus of the five, attached to the heaviest rollover of the five.
- Online since
- 1994
- Licence
- Curaçao
- Payout time
- 24–48 hours (crypto)
- Wagering
- 18x sportsbook / 30x casino
- KYC
- Required
Restricted countries: Belgium, Costa Rica, Croatia, Curaçao, Aruba, Sint Maarten, Caribbean Netherlands, France and 11 more.
Mia Chen
Mia digs into DeFi and on-chain data, translating protocol mechanics into plain English for everyday readers.
