Three-Day Ether Exodus Can't Keep $BTC Above $77K From Party Time 🪩

U.S. spot ether exchange-traded funds recorded roughly $39 million of net outflows on Thursday, their third consecutive day of withdrawals after about $224 million left on Wednesday and $141 million on Tuesday, according to SoSoValue. Ether itself rose 2% to about $2,470 over the same stretch, while XRP funds lost about $5 million, reversing a small inflow the day before.

Bitcoin ETFs took in roughly $159 million on the same day, and the single U.S. Zcash fund added nearly $47 million, its strongest showing yet in a month that has now delivered more than $230 million in inflows. Over the trailing 30 days, ether funds remain more than $1.5 billion ahead and bitcoin funds nearly $2.5 billion ahead, even with this week's ether redemptions stacking up.

Spot markets painted a broadly green picture across the majors. Zcash led at 10% higher to about $1,488, with Hyperliquid's HYPE close behind at nearly 10% to just above $86. Solana gained 5% to nearly $105, BNB added nearly 4% to about $750, Dogecoin rose about 4%, ether and XRP each advanced 2%, and bitcoin climbed more than 1% to about $77,216, according to CoinDesk data. Tron was the only major that barely moved.

The rally came alongside stocks and bonds as falling oil prices eased inflation concerns a day after the Federal Reserve raised interest rates for the first time since 2023. The S&P 500 gained about 1% for its biggest advance in six weeks, the Nasdaq 100 rose nearly 2%, and a gauge of chipmakers climbed 3%. The 10-year Treasury yield dropped, snapping an eight-day rising streak, while the dollar was little changed, gold climbed, and Brent crude settled under $105 a barrel.

Crypto has traded on the same macro signal all week, with the majors moving in step with the equity tape rather than ahead of it. The Zcash fund is now drawing inflows on sessions when the two largest crypto ETFs are bleeding, and whether that divergence holds through next week is the flow traders are watching.