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Bitcoin ETFs see $635M outflows as XRP and Zcash ETFs attract millions amid market correction

Market News
23 Oct 2026
UToday
View Source
Neutral
Bitcoin ETFs see $635M outflows as XRP and Zcash ETFs attract millions amid market correction

On October 23, 2026, U.S. spot Bitcoin ETFs experienced a significant outflow of $635 million amid a market correction influenced by macroeconomic pressures and U.S. stock market declines. Meanwhile, institutional capital rotated into alternative assets, with XRP and Zcash ETFs seeing inflows of $3.55 million and $14.23 million respectively, driven by upcoming events like Zcash's NU7 hard fork and Ripple's Swell conference. The market correction is viewed as healthy rather than a bubble, with a focus on privacy coins and regulated products. Additionally, a legal dispute emerged as DFINITY accused NEAR Protocol of code theft, impacting NEAR's token price.

Despite the reported $635 million outflow from Bitcoin ETFs, BTC on Pluang shows a slight gain of 0.41%, trading at Rp1.479.216.463 as of Oct 23, 2026 21:07 WIB. XRP and Zcash prices are down slightly by 0.40% and 0.42% respectively, with XRP at Rp23.828 and ZEC at Rp22.504.945 at the same time.

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