Bitcoin and Ethereum ETFs See $520.09 Million Outflow, XRP and Solana Funds Receive Inflows

On April 16 (local time), $520.09 million (approximately KRW 71.25 billion) flowed out of U.S. Bitcoin and Ethereum ETFs. The same day, modest inflows were recorded in XRP, Solana, and HYPE funds. Bitcoin.com News reported that this ETF outflow followed the Federal Reserve's interest rate hike, which was the first since 2023. The Federal Reserve announced on April 16 that it had raised the target range for the federal funds rate by 0.25 percentage points to 3.75%-4.00%.