BTC ETFs recorded $60.48M withdrawals on December 8.
\nEthereum funds extended their latest momentum with $35.49M inflows.
\nXRP and Solana ETFs ended yesterday with gains amid prevailing demand.<\/p>\n
The digital tokens space remains choppy ahead of the December 10 Federal Reserve decision on interest rates.<\/p>\n
Crypto exchange-traded funds, which have become vital in gauging institutional appetite in these risk assets, confirm the current uncertainty.<\/p>\n
Interest around BTC ETFs remained negative yesterday, with the products recording net outflows amounting to $60.48 million (SoSoValue data<\/a>).<\/p>\n\n The significant withdrawals came as investors reacted to the weekend\u2019s sluggish performance across the crypto landscape.<\/p>\n Bitcoin failed to break $92,000 again, currently trading at $90,150.<\/p>\n However, Monday was not gloomy for all BTC ETF issuers.<\/p>\n BlackRock proved its resilience and dominance as its IBIT attracted $28.76 million in inflows.<\/p>\n While funds like Graycale\u2019s GBT (-44.03M) and Fidelity\u2019s FBTC (-39.44M) saw substantial withdrawals on December 8, IBIT\u2019s steadiness indicates that profit taking, not a shift in interest, likely triggered the mixed flows into Bitcoin.<\/p>\n While Bitcoin bled on December 8, Ethereum exchange-traded funds turned positive with $35.5 million inflows.<\/p>\n Notably, the funds recorded substantial exits in the previous two sessions, on December 4 (-41.5M) and December 5 (-75.2M).<\/p>\n Indeed, Ethereum has been on the investor radar lately following its Fusaka upgrade, which targets enhanced speed, scalability, and lower costs for Ether-based Layer 2 platforms.<\/p>\n Moreover, the inflows indicate that investors are viewing Ethereum as a legitimate token for portfolio diversification beyond Bitcoin.<\/p>\n Indeed, the second-largest crypto by value is experiencing renewed interest from institutional participants.<\/p>\n For example, BlackRock is seeking<\/a> the SEC\u2019s authorization for a new staked Ether trust ETF \u2013 the ETHB.<\/p>\n\n The proposed product differs from BlackRock\u2019s popular ETHA trust in that the staking Ether trust will track Ethereum\u2019s performance and include incentives gained from the trust\u2019s staked Ether.<\/p>\n ETH is trading at $3,124 after gaining more than 10% the past seven days.<\/p>\n Solana spot products closed the previous day with $1.2 million inflows.<\/p>\n While the figure remains modest, it reflects consistent demand for SOL ETFs.<\/p>\n Monday\u2019s inflows have extended their winning streak to three days, demonstrating appetite for these products despite broader turmoil.<\/p>\n Solana exchange-traded funds have attracted roughly $639 million since their late October debut.<\/p>\n Meanwhile, SOL price is hovering at $133, down 2% the past 24 hours.<\/p>\n Ripple\u2019s crypto asset stood out on December 8, with a net inflow of $38.04 million, eclipsing peers for the day.<\/p>\n Grayscale led as its GXRP drew over $810K in fresh capital on Monday.<\/p>\n Also, Canary, Bitwise, and Franklin\u2019s XRP exchange-traded funds recorded notable daily gains.<\/p>\n\n Regulatory clarity and XRP\u2019s unique utility in cross-border transactions have elevated the altcoin\u2019s appeal among institutional investors.<\/p>\n Nevertheless, the December 8 ETF performance sends a clear message.<\/p>\n Investors are now diversifying into other cryptos beyond Bitcoin.<\/p>\n Altcoin ETFs are gaining traction for their added advantages, as the crypto industry gains increased acceptance in mainstream finance.<\/p>\n The post Crypto ETFs diverge: Bitcoin suffers $60M outflows; ETH, SOL, XRP funds in green<\/a> appeared first on CoinJournal<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" BTC ETFs recorded $60.48M withdrawals on December 8. Ethereum funds extended their latest momentum with $35.49M inflows. XRP and Solana ETFs ended yesterday with gains amid prevailing demand. The digital tokens space remains choppy ahead of the December 10 Federal Reserve decision on interest rates. Crypto exchange-traded funds, which have become vital in gauging institutional […]<\/p>\n","protected":false},"author":0,"featured_media":5712,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"tdm_status":"","tdm_grid_status":"","footnotes":""},"categories":[100],"tags":[],"class_list":{"0":"post-5713","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-ethereum"},"acf":[],"_links":{"self":[{"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/posts\/5713","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/comments?post=5713"}],"version-history":[{"count":0,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/posts\/5713\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/media\/5712"}],"wp:attachment":[{"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/media?parent=5713"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/categories?post=5713"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/tags?post=5713"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Ethereum ETFs flip positive<\/h2>\n
Solana ETFs see steady demand<\/h2>\n
XRP ETFs steal the show<\/h2>\n