Ethereum ETFs lose $117.8 million as XRP sentiment turns bearish

  • US spot Ethereum ETFs recorded about $117.8 million in net outflows from Sept. 29 to Oct. 1, ending a seven-day inflow streak.
  • Santiment's bullish-to-bearish sentiment ratios fell to 0.89 for Ethereum and 0.67 for XRP, the latter its weakest reading since Aug. 17.
  • Dormant Ethereum movement, staking withdrawals and subdued futures positioning contrasted with continued corporate buying and $4.07 million of XRP ETF inflows on Oct. 1.

US spot Ethereum ETFs recorded about $117.8 million in net outflows from Sept. 29 to Oct. 1, ending a seven-day inflow streak that had attracted $850.6 million. Santiment also found bearish discussion dominating Ethereum and XRP, with bullish-to-bearish sentiment ratios of 0.89 and 0.67, respectively. Ethereum's price was little changed near $2,678, while XRP spot ETFs attracted $4.07 million on Oct. 1 and XRP remained above its exponential moving averages. Dormant-coin movements, a higher Ethereum staking exit queue and subdued futures positioning added mixed signals, while corporate Ethereum buying continued.

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