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

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

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

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

in November—the highest monthly outflow ever—according to SoSoValue data. BlackRock’s IBIT ETF alone shed more than $2 billion this month, while ETFs . These numbers reflect a notable reduction in risk appetite, especially among institutional players, ahead of the Federal Reserve’s December gathering.

Amid the widespread sell-off,

(XRP-USD) and (SOL-USD) ETFs managed to attract new investments. The recently introduced Bitwise XRP ETF and Canary Capital’s ETF on Thursday, pushing total inflows to $411 million. However, XRP’s derivatives activity remains subdued, — a 39% decrease from its July high. Investors are , 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,

(indicating oversold conditions) and . 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

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

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.

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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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