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US XRP And ZEC Spot ETFs Draw $4.42 Million In Net Inflows

Published by
Anjali Belgaumkar

US spot exchange-traded funds tracking XRP and Zcash recorded combined net inflows of $4,423,800 on October 14, according to SoSoValue data. Zcash ETFs led the day with $3,683,400 in net inflows. XRP funds brought in $740,400. The inflows came a day before the wider crypto market dropped sharply, with Bitcoin falling below $81,000 and more than $476 million in leveraged positions liquidated in one hour. The figures show continued institutional demand for altcoin ETF products even as risk sentiment weakened after US September inflation data came in higher than expected. Flows for these products remain far smaller than those seen in Bitcoin and Ether spot ETFs.

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Anjali Belgaumkar

Writer by choice, CryptoCurrency Writer, and Researcher by chance. Currently, focusing on financial news and analysis, as well as cryptocurrency news and data. One may not call me a crypto “Enthusiast” but trust me I'm getting there.

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