ETF Summary: What Happened to XRP, SOL, ETH, and BTC Funds on December 23?

The XRP run continues while others bleed away.

Investors’ divergent behavior towards the spot crypto ETFs continues as BTC and ETH funds continue to bleed heavily.

In contrast, spot XRP and SOL products have enjoyed a healthy green streak, even if net inflows are not always substantial.

The green ETFs

CryptoPotato has repeatedly reported in recent months that spot XRP ETFs have become the main attraction among all crypto ETFs. Since the first one debuted on November 13 – Canary Capital’s XRPC – four more have followed, and they have yet to see a day where net outflows exceeded inflows.

This streak continued on December 23, with a relatively modest profit of $8.19 million. Monday was even more impressive when $43.89 million entered the funds. Nevertheless, total net inflows into the spot XRP ETFs have grown to $1.13 billion, according to data from SoSoValue.

The other altcoin that has caught the attention of investors is SOL. The eight spot SOL ETFs were last in the red on December 3 and have since attracted more than $130 million. However, total net inflows are still behind those of XRP, at $754 million as of Tuesday’s close.

Bitwise’s BSOL continues to lead the way, with substantial cumulative net inflows of nearly $620 million, while 21Shares’ TSOL is deep in the red.

BTC, ETH ETFs in red

The two largest cryptocurrencies, whose performance is also tracked by the oldest ETFs, have lost their mid-year momentum and have been largely in the red in recent weeks. Net inflows into the spot Bitcoin ETFs peaked at $62.77 billion on October 9, but have since fallen nearly $6 billion to $57.08 billion on December 23, a day when another $188.64 million disappeared from the funds.

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What’s perhaps even more surprising and concerning is the fact that BlackRock’s IBIT, the largest of the bunch, has consistently recorded net withdrawals.

The spot Ethereum ETFs are in similarly bad shape. They have only seen one green day since December 11, which was December 22, when $84.59 million came into the funds. However, net outflows on December 23 were higher ($95.53 million).

ETH products also peaked at $15.09 billion in net inflows in early October and have lost nearly $3 billion since then.