The post Crypto ETFs diverge: Bitcoin suffers $60M outflows; ETH, SOL, XRP funds in green appeared on BitcoinEthereumNews.com. 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 appetite in these risk assets, confirm the current uncertainty. Bitcoin ETFs suffer outflows despite IBIT’s gains Interest around BTC ETFs remained negative yesterday, with the products recording net outflows amounting to $60.48 million (SoSoValue data). The significant withdrawals came as investors reacted to the weekend’s sluggish performance across the crypto landscape. Bitcoin failed to break $92,000 again, currently trading at $90,150. However, Monday was not gloomy for all BTC ETF issuers. BlackRock proved its resilience and dominance as its IBIT attracted $28.76 million in inflows. While funds like Graycale’s GBT (-44.03M) and Fidelity’s FBTC (-39.44M) saw substantial withdrawals on December 8, IBIT’s steadiness indicates that profit taking, not a shift in interest, likely triggered the mixed flows into Bitcoin. Ethereum ETFs flip positive While Bitcoin bled on December 8, Ethereum exchange-traded funds turned positive with $35.5 million inflows. Notably, the funds recorded substantial exits in the previous two sessions, on December 4 (-41.5M) and December 5 (-75.2M). 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. Moreover, the inflows indicate that investors are viewing Ethereum as a legitimate token for portfolio diversification beyond Bitcoin. Indeed, the second-largest crypto by value is experiencing renewed interest from institutional participants. For example, BlackRock is seeking the SEC’s authorization for a new staked Ether trust ETF – the ETHB. The proposed product differs from BlackRock’s popular ETHA trust in that the staking… The post Crypto ETFs diverge: Bitcoin suffers $60M outflows; ETH, SOL, XRP funds in green appeared on BitcoinEthereumNews.com. 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 appetite in these risk assets, confirm the current uncertainty. Bitcoin ETFs suffer outflows despite IBIT’s gains Interest around BTC ETFs remained negative yesterday, with the products recording net outflows amounting to $60.48 million (SoSoValue data). The significant withdrawals came as investors reacted to the weekend’s sluggish performance across the crypto landscape. Bitcoin failed to break $92,000 again, currently trading at $90,150. However, Monday was not gloomy for all BTC ETF issuers. BlackRock proved its resilience and dominance as its IBIT attracted $28.76 million in inflows. While funds like Graycale’s GBT (-44.03M) and Fidelity’s FBTC (-39.44M) saw substantial withdrawals on December 8, IBIT’s steadiness indicates that profit taking, not a shift in interest, likely triggered the mixed flows into Bitcoin. Ethereum ETFs flip positive While Bitcoin bled on December 8, Ethereum exchange-traded funds turned positive with $35.5 million inflows. Notably, the funds recorded substantial exits in the previous two sessions, on December 4 (-41.5M) and December 5 (-75.2M). 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. Moreover, the inflows indicate that investors are viewing Ethereum as a legitimate token for portfolio diversification beyond Bitcoin. Indeed, the second-largest crypto by value is experiencing renewed interest from institutional participants. For example, BlackRock is seeking the SEC’s authorization for a new staked Ether trust ETF – the ETHB. The proposed product differs from BlackRock’s popular ETHA trust in that the staking…

Crypto ETFs diverge: Bitcoin suffers $60M outflows; ETH, SOL, XRP funds in green

For feedback or concerns regarding this content, please contact us at crypto.news@mexc.com
  • 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 appetite in these risk assets, confirm the current uncertainty.

Bitcoin ETFs suffer outflows despite IBIT’s gains

Interest around BTC ETFs remained negative yesterday, with the products recording net outflows amounting to $60.48 million (SoSoValue data).

The significant withdrawals came as investors reacted to the weekend’s sluggish performance across the crypto landscape.

Bitcoin failed to break $92,000 again, currently trading at $90,150.

However, Monday was not gloomy for all BTC ETF issuers.

BlackRock proved its resilience and dominance as its IBIT attracted $28.76 million in inflows.

While funds like Graycale’s GBT (-44.03M) and Fidelity’s FBTC (-39.44M) saw substantial withdrawals on December 8, IBIT’s steadiness indicates that profit taking, not a shift in interest, likely triggered the mixed flows into Bitcoin.

Ethereum ETFs flip positive

While Bitcoin bled on December 8, Ethereum exchange-traded funds turned positive with $35.5 million inflows.

Notably, the funds recorded substantial exits in the previous two sessions, on December 4 (-41.5M) and December 5 (-75.2M).

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.

Moreover, the inflows indicate that investors are viewing Ethereum as a legitimate token for portfolio diversification beyond Bitcoin.

Indeed, the second-largest crypto by value is experiencing renewed interest from institutional participants.

For example, BlackRock is seeking the SEC’s authorization for a new staked Ether trust ETF – the ETHB.

The proposed product differs from BlackRock’s popular ETHA trust in that the staking Ether trust will track Ethereum’s performance and include incentives gained from the trust’s staked Ether.

ETH is trading at $3,124 after gaining more than 10% the past seven days.

Solana ETFs see steady demand

Solana spot products closed the previous day with $1.2 million inflows.

While the figure remains modest, it reflects consistent demand for SOL ETFs.

Monday’s inflows have extended their winning streak to three days, demonstrating appetite for these products despite broader turmoil.

Solana exchange-traded funds have attracted roughly $639 million since their late October debut.

Meanwhile, SOL price is hovering at $133, down 2% the past 24 hours.

XRP ETFs steal the show

Ripple’s crypto asset stood out on December 8, with a net inflow of $38.04 million, eclipsing peers for the day.

Grayscale led as its GXRP drew over $810K in fresh capital on Monday.

Also, Canary, Bitwise, and Franklin’s XRP exchange-traded funds recorded notable daily gains.

Regulatory clarity and XRP’s unique utility in cross-border transactions have elevated the altcoin’s appeal among institutional investors.

Nevertheless, the December 8 ETF performance sends a clear message.

Investors are now diversifying into other cryptos beyond Bitcoin.

Altcoin ETFs are gaining traction for their added advantages, as the crypto industry gains increased acceptance in mainstream finance.

Source: https://coinjournal.net/news/crypto-etfs-diverge-bitcoin-suffers-60m-outflows-eth-sol-xrp-funds-in-green/

Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact crypto.news@mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

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