Live updates: Bitcoin back above $82,000, ZEC jumps 11% as ETF outflows continue
ZEC jumps 11% even as its ETF loses $15 million
Bitcoin climbed back above $82,000 on Friday, a day after a brief drop under $80,000, as ZEC led a broad crypto bounce with an 11% jump to about $1,230 — even as investors pulled money from the token’s only U.S. ETF.
SOL and ether each gained more than 3%, to about $106 and $2,450, and DOGE and XRP added between 2% and 3%. BNB, HYPE and TRX rose about 1%, and bitcoin was up nearly 1%, according to CoinDesk data.
The bounce hasn’t reached the ETFs. The U.S. spot ZEC fund lost about $15 million on Thursday, its fifth outflow this month, according to SoSoValue data. Ether funds shed about $60 million, and SOL funds lost nearly $10 million, their ninth straight day of withdrawals. XRP funds saw a small outflow.
Bitcoin ETFs drew a net $5 million, a thin inflow after Wednesday’s $261 million exit.
A second straight day of bitcoin ETF inflows would be the first sign the bounce from $80,000 has buyers behind it.