Ether ETFs continued to lose capital on Thursday even as ETH advanced, while gains across major cryptocurrencies pushed the broader market higher and Zcash extended its rally.

U.S. spot ether ETFs recorded roughly $39 million in net outflows, according to SoSoValue, marking their third consecutive session of withdrawals. The products saw about $224 million in outflows Wednesday and $141 million Tuesday. Ether rose 2% over the same period to approximately $2,470.

XRP ETFs also ended the session with outflows of around $5 million, reversing a modest inflow from the previous day. Bitcoin ETFs attracted approximately $159 million, while the only U.S. Zcash ETF received nearly $47 million.

The Zcash fund’s latest inflow was its strongest daily result in a month that has brought more than $230 million into the product. Over the past 30 days, ether ETFs remain more than $1.5 billion positive on net flows, while bitcoin ETFs have recorded nearly $2.5 billion in inflows.

Zcash remained the strongest performer among major crypto assets, gaining 10% to roughly $1,488. Hyperliquid’s HYPE followed with an increase of nearly 10% to just above $86. Solana climbed 5% to almost $105, while BNB added nearly 4% to about $750.

Dogecoin gained around 4%, while ether and XRP each rose 2%. Bitcoin increased more than 1% to approximately $77,216, according to CoinDesk data. Tron was the only major token to show minimal movement.

Falling Oil Supports Stocks and Bonds

Equities and bonds both advanced as oil prices declined, a day after the Federal Reserve raised interest rates for the first time since 2023.

The S&P 500 rose about 1%, posting its largest gain in six weeks. The Nasdaq 100 added nearly 2%, while a gauge of semiconductor companies climbed 3%.

The 10-year Treasury yield reversed course after eight straight sessions of increases, while the U.S. dollar was little changed. Gold gained, and Brent crude settled below $105 per barrel.

Lower oil prices eased some of the inflation concerns behind the Fed’s rate increase, allowing stocks and bonds to rise together. Typically, higher yields can pressure equities, but the decline in oil prices helped offset that dynamic.

Crypto has largely tracked the same macroeconomic theme this week, with major tokens moving alongside equities rather than leading the broader risk rally.

Zcash’s ETF is also showing a notable flow pattern, attracting money on sessions when the two largest crypto ETFs are recording withdrawals. Whether that trend continues next week will be closely watched by market participants.