XRP News Today: Crypto Faces 'Hotel California' Dilemma While ETFs See $3.8B Outflow

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XRP News Today: Crypto Faces 'Hotel California' Dilemma While ETFs See $3.8B Outflow

Bitget-RWA2025/11/21 19:44

By:Bitget-RWA

- Ethereum fell below $2,750 as crypto markets faced record ETF outflows and macroeconomic uncertainty, mirroring Bitcoin's 6.4% drop to $81,629. - U.S. spot Bitcoin ETFs lost $3.79B in November, with BlackRock's IBIT alone shedding $2B, signaling shifting institutional risk appetite ahead of Fed policy decisions. - XRP and Solana ETFs attracted $411M in inflows despite weak derivatives markets, while Ethereum's technical indicators (RSI 23, bearish EMAs) suggest continued downward pressure. - BitMine face

Ethereum (ETH-USD) slipped beneath $2,750 on Friday, deepening a widespread cryptocurrency downturn fueled by unprecedented outflows from U.S. spot ETFs and deteriorating investor confidence. The coin tumbled 7.6% during the session, echoing Bitcoin's (BTC-USD) difficulties as the digital asset sector contended with economic uncertainty and

forced liquidations

Bitcoin

, now trading under $84,000, plunged up to 6.4% to $81,629,

experiencing its weakest month since 2022

This downturn comes after a surge in withdrawals from U.S.-listed spot Bitcoin ETFs, which

saw $3.79 billion leave

in November—the highest monthly outflow ever—according to SoSoValue data. BlackRock’s IBIT ETF alone shed more than $2 billion this month, while

Ethereum

ETFs

registered $1.79 billion in redemptions

. These numbers reflect a notable reduction in risk appetite, especially among institutional players,

as market participants prepare for possible policy shifts

ahead of the Federal Reserve’s December gathering.

Amid the widespread sell-off,

XRP

(XRP-USD) and

Solana

(SOL-USD) ETFs managed to attract new investments. The recently introduced Bitwise XRP ETF and Canary Capital’s

XRPC

ETF

brought in $118 million in net new funds

on Thursday, pushing total inflows to $411 million. However, XRP’s derivatives activity remains subdued,

with open interest in futures contracts dropping to $3.57 billion

— a 39% decrease from its July high. Investors are

tentatively buying the dip

, as shown by the XRP OI-Weighted Funding Rate rising to 0.0072% from -0.0006%.

XRP News Today: Crypto Faces 'Hotel California' Dilemma While ETFs See $3.8B Outflow image 0

Ethereum’s technical indicators remain negative. The asset is trading well under its 50, 100, and 200-period exponential moving averages (EMAs) on the 4-hour timeframe,

with the RSI reading at 23

(indicating oversold conditions) and

the MACD showing a widening bearish gap

. Any recovery would likely encounter resistance at the declining 50-day EMA of $2.16, while a sustained move above $2.45 might help relieve some downward momentum.

The ongoing selloff has also sparked worries about the viability of crypto-treasury companies. BitMine, the largest corporate

Ether

holder,

is facing an unrealized loss of $3.7 billion

as its mNAV ratio (enterprise value to crypto assets) dipped below 1, making it harder to raise capital. Experts

caution that the sector’s opaque fee models

and limited liquidity may leave investors stuck in a “Hotel California” scenario, where exiting positions comes with significant losses.

With volatility reaching its highest level in a month and risk aversion dominating,

the cryptocurrency market remains exposed

to further drops. Persistent institutional withdrawals and macroeconomic challenges point to a tough year-end outlook unless a turnaround in ETF flows or a change in Fed policy revives demand.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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