Bitcoin ETF Outflows
US spot Bitcoin ETFs saw a net outflow of $60.48 million on Monday. Despite BlackRock’s IBIT fund contributing a single‑day inflow of $28.76 million, Grayscale’s GBTC and Fidelity’s FBTC funds experienced substantial outflows of $44.03 million and $39.44 million, respectively.
Ethereum ETF Inflows
In contrast, spot Ethereum ETFs recorded a net inflow of $35.5 million on the same day. BlackRock’s ETHA led the inflows with $23.7 million.
Altcoin ETFs Gain Traction
Altcoin ETFs have also seen significant activity. Ripple’s XRP spot ETFs have attracted over $900 million in cumulative institutional capital since their launch last month, with a single‑day inflow of $38.04 million from four funds on Monday. Solana ETFs also posted a net inflow of $1.18 million in a single day, solely from Fidelity’s FSOL fund, bringing the cumulative net inflow to $640.06 million since its debut on October 28.
Price Movements
In terms of price movements, XRP reached a peak of $2.20 at the start of December but has since dropped by 1.54% to $2.05 over the past 24 hours. At the time of writing, XRP is trading at $2.06. Meanwhile, Solana has risen by nearly 5% in the past week, trading at $133.16 at press time.
Expert Insights
Industry experts believe the crypto ETF sector will continue to grow. Katherine Dowling of Bitwise Asset Management stated that these funds provide a good starting point for investors to gain exposure to cryptocurrencies. She also noted that altcoin funds like Solana and XRP have promising fundamentals that could drive prices higher.
Bitfinex analysts view the current trends as a healthy rebalancing within the spot ETF channel. They believe that as more large allocators use ETF wrappers as entry points, Bitcoin’s path towards becoming a regulated store of value will continue, leading to deeper and more stable inflows in the future.
Conclusion
The recent trends in crypto ETFs highlight a shifting landscape, with Bitcoin ETFs seeing outflows while Ethereum and altcoin ETFs gain traction. As the market evolves, experts remain optimistic about the future of crypto ETFs and their role in providing investors with exposure to digital assets.
