- Bitcoin spot ETFs recorded $60.48 million in outflows on December 8.
- Ethereum funds extended their recent momentum with $35.49 million in inflows.
- XRP and Solana ETFs finished the day with gains amid ongoing demand.
The digital token market remained choppy ahead of the Federal Reserve’s interest rate decision on December 10.
Crypto exchange-traded funds, an important gauge of institutional appetite for risky assets, reflected prevailing uncertainty among investors.
Bitcoin ETFs see outflows despite IBIT inflows
Investor interest around Bitcoin ETFs stayed negative on December 8, with the product category recording net outflows of $60.48 million (SoSoValue data).
Significant withdrawals followed a subdued weekend across the broader crypto landscape.
Bitcoin failed to reclaim the $92,000 level and was trading near $90,150.
However, Monday was not uniformly bleak across all issuers.
BlackRock demonstrated resilience and market share as its IBIT fund attracted $28.76 million in inflows.
While funds such as Grayscale’s GBT (-$44.03 million) and Fidelity’s FBTC (-$39.44 million) saw sizable redemptions on December 8, IBIT’s stability suggests profit-taking rather than a broad flight from Bitcoin may have driven the mixed flows.
Ethereum ETFs turn positive
Despite Bitcoin’s losses on December 8, Ethereum ETFs shifted into positive territory with $35.5 million in inflows.
These flows follow notable outflows in the prior two sessions—$41.5 million on December 4 and $75.2 million on December 5.
Ethereum has increasingly attracted investor attention recently due to developments in Layer-2 scaling solutions that target speed, scalability, and lower costs for Ether-based applications.
The inflows indicate that investors view Ethereum as a legitimate diversification option beyond Bitcoin.
Institutional interest in the second-largest cryptocurrency has grown, supported by product innovation and regulatory developments.
For example, BlackRock is seeking SEC approval for a new staked Ether trust (ETHB), which would differ from its popular ETHA product by tracking Ether’s performance while including staking rewards earned by the trust.
ETH traded around $3,124 after gaining more than 10% over the past seven days.
Solana ETFs show steady demand
Spot Solana products closed the previous day with $1.2 million in inflows.
Although modest, the figure reflects consistent demand for SOL ETFs.
Monday’s inflows extended a three-day winning streak for the products, signaling sustained appetite despite broader market headwinds.
Since their debut in late October, Solana ETFs have attracted roughly $639 million in assets.
Meanwhile, SOL traded near $133, down about 2% over the prior 24 hours.
XRP ETFs steal the spotlight
Ripple’s XRP stood out on December 8, drawing $38.04 million in net inflows and outperforming peers for the day.
Grayscale led the group as its GXRP product added more than $810,000 in fresh capital on Monday.
Other XRP ETFs from providers such as Canary, Bitwise, and Franklin also reported notable daily gains.
Regulatory clarity and XRP’s utility in cross-border payments have increased the altcoin’s appeal to institutional investors.
The December 8 ETF flows send a clear message: investors are diversifying beyond Bitcoin.
Altcoin ETFs are gaining traction for their potential upside as the crypto industry continues to earn greater acceptance within mainstream finance.