- Bitcoin ETFs recorded outflows of $60.48 million on December 8.
- Ethereum funds extended their recent momentum with inflows of $35.49 million.
- XRP and Solana ETFs closed higher yesterday amid prevailing demand.
The digital asset sector remains volatile ahead of the Federal Reserve’s December 10 interest rate decision.
Exchange-traded products for cryptocurrencies, now crucial for gauging institutional appetite for these risk assets, continue to reflect that uncertainty.
Bitcoin ETFs see outflows despite IBIT gains
Investor interest in Bitcoin ETFs was negative on December 8, with products recording net outflows totaling $60.48 million (SoSoValue data).
Significant withdrawals came as investors reacted to a disappointing weekend for the broader crypto market.
Bitcoin failed to reclaim the $92,000 level and is currently trading around $90,150.
However, not all Bitcoin ETF issuers had a poor day on Monday.
BlackRock demonstrated resilience and market strength with its IBIT product, which attracted $28.76 million in inflows.
While funds such as Grayscale’s GBT (-$44.03M) and Fidelity’s FBTC (-$39.44M) recorded sizable withdrawals on December 8, IBIT’s stability suggests the mixed flows into Bitcoin were driven more by profit-taking than a broad shift away from the asset.
Ethereum ETFs turn positive
While Bitcoin lost ground on December 8, Ethereum ETFs moved into positive territory with $35.5 million in net inflows.
These funds had seen substantial outflows in the two prior sessions — December 4 (-$41.5 million) and December 5 (-$75.2 million).
Ethereum has recently been in the spotlight following its Fusaka upgrade, which targets faster transaction speeds, improved scalability, and lower costs for Layer-2 platforms built on Ether.
The renewed inflows indicate investors view Ethereum as a legitimate diversification option beyond Bitcoin.
The second-largest cryptocurrency by market value is attracting renewed institutional interest. For example, BlackRock has filed with the SEC for approval of a new staked Ether trust ETF — ETHB.
The proposed product differs from BlackRock’s popular ETHA trust because the staked Ether trust would track Ethereum’s performance while including rewards earned from Ether staked by the trust.
ETH trades 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 steady demand for SOL ETFs.
Monday’s inflows extended the funds’ winning streak to three days, underscoring appetite for these products despite broader market turbulence.
Solana ETFs have attracted roughly $639 million since their late-October debut.
Meanwhile, SOL is trading near $133, down about 2% over the past 24 hours.
XRP ETFs steal the spotlight
Ripple’s XRP stood out on December 8, posting a net inflow of $38.04 million and topping the day’s inflow rankings.
Grayscale led with its GXRP product, which drew over $810,000 in new capital on Monday.
Canary, Bitwise, and Franklin’s XRP ETFs also posted notable daily gains.
Regulatory clarity and XRP’s unique utility in cross-border transactions have increased the altcoin’s appeal among institutional investors.
The December 8 ETF performance sends a clear message: investors are diversifying beyond Bitcoin.
Altcoin ETFs are gaining traction as the industry secures broader acceptance within mainstream finance, drawing interest for their distinct advantages and portfolio diversification potential.