TL;DR
- Bitcoin ETFs: Net outflows hit $60.48M on December 8 as BTC slipped to $90,150, though BlackRock’s IBIT managed $28.76M in inflows.
- Ethereum Exchange Traded Funds: After heavy exits earlier in the week, ETH funds rebounded with $35.5M inflows, boosted by the Fusaka upgrade and BlackRock’s push for a staked Ether trust.
- Altcoin Exchange Traded Funds: Solana added $1.2M, extending a three‑day streak, while XRP led with $38.04M inflows. Institutional investors are diversifying beyond Bitcoin into altcoins with clearer utility and regulatory traction.
Crypto markets remain unsettled as investors brace for the Federal Reserve’s December 10 interest rate decision. ETFs, now a key barometer of institutional sentiment, highlight diverging flows across major digital assets. While Bitcoin ETFs faced heavy withdrawals, Ethereum, Solana, and XRP products attracted fresh capital, underscoring a shift in portfolio diversification strategies.
Bitcoin ETFs Face $60M Outflows
Bitcoin ETFs recorded net outflows of $60.48 million on December 8, reflecting investor caution after a sluggish weekend. BTC failed to break $92,000, retreating to $90,150. Yet BlackRock’s IBIT stood out, securing $28.76 million in inflows. In contrast, Grayscale’s GBT lost $44.03 million, and Fidelity’s FBTC shed $39.44 million. Analysts suggest profit taking rather than waning interest drove the mixed flows, with IBIT’s resilience reinforcing BlackRock’s dominance.
Ethereum ETFs Regain Momentum
Ethereum ETFs flipped positive with $35.5 million in inflows, reversing steep exits earlier in the week. The turnaround coincides with Ethereum’s Fusaka upgrade, designed to enhance speed, scalability, and reduce costs for Layer 2 platforms. Institutional interest is rising, with BlackRock pursuing SEC approval for a staked Ether trust ETF, ETHB. Unlike its ETHA trust, ETHB would track Ethereum’s performance while including staking rewards. ETH traded at $3,124, up more than 10% over seven days, signaling renewed confidence in the asset.
Solana ETFs Extend Winning Streak
Solana’s Exchange Traded Funds maintained steady demand, attracting $1.2 million in inflows on December 8. Though modest, the gains marked a third consecutive day of positive flows. Since debuting in late October, Solana’s Exchange Traded Funds have accumulated $639 million, reflecting consistent appetite despite broader market turbulence. SOL’s price hovered at $133, down 2% in 24 hours, yet institutional demand remains intact, highlighting Solana’s growing role in diversified crypto portfolios.
XRP ETFs Lead Daily Gains
XRP ETFs stole the spotlight with $38.04 million in net inflows, outpacing peers. Grayscale’s GXRP added $810K, while Canary, Bitwise, and Franklin products also posted gains. Regulatory clarity and XRP’s utility in cross-border payments have bolstered institutional confidence. The strong performance underscores a broader trend: investors are diversifying beyond Bitcoin, with altcoin Exchange Traded Funds gaining traction as mainstream finance increasingly embraces crypto assets.
