Bitcoin and Ether ETFs shed $228M as investors rotate into XRP and Solana funds

Cryptocurrency exchange-traded fund flows weakened further over the holiday period as investors continued to reduce exposure to bitcoin and ether products.

Bitcoin spot ETFs recorded a combined net outflow of $175.29 million, marking the fifth consecutive session of withdrawals.

The selling pressure was widespread, affecting eight separate bitcoin-linked funds across the US-listed market.

BlackRock’s IBIT led the outflows, with investors pulling $91.37 million from the fund during the session.

Grayscale’s GBTC followed with a $24.62 million outflow, reflecting continued caution toward legacy bitcoin vehicles.

Fidelity’s FBTC also posted losses, shedding $17.17 million as redemptions persisted.

Additional withdrawals were seen from Bitwise’s BITB at $13.32 million and Ark & 21Shares’ ARKB at $9.88 million.

VanEck’s HODL reported $8.05 million in outflows, while smaller exits were logged by Grayscale’s Bitcoin Mini Trust and Franklin’s EZBC.

Despite the steady selling, trading activity in bitcoin ETFs remained elevated, with total value traded reaching $31.57 billion.

Aggregate net assets across bitcoin ETFs edged lower to $113.83 billion by the close of trading.

Ether ETFs also ended the day in negative territory, recording net outflows of $52.70 million.

Grayscale’s ETHE accounted for the bulk of ether-related selling, with $33.78 million leaving the fund.

BlackRock’s ETHA saw $22.25 million in outflows, adding to the downward pressure.

Grayscale’s Ether Mini Trust partially offset losses by attracting a modest $3.33 million inflow.

Trading volumes in ether ETFs cooled to $689.44 million, while total net assets remained stable at $17.86 billion.

In contrast, XRP ETFs continued to attract fresh capital, posting net inflows of $11.93 million.

Franklin’s XRPZ contributed the majority of XRP-related inflows, adding $11.14 million during the session.

Canary’s XRPC recorded a smaller $794,000 inflow, supporting the sector’s overall positive performance.

Solana ETFs also stayed in positive territory, registering a combined inflow of $1.48 million.

Fidelity’s FSOL led solana inflows with $1.08 million, while VanEck’s VSOL added $399,000.

Analysts said the divergent flows highlight selective investor appetite amid broader caution in digital asset markets.

Overall trading on Christmas Eve reflected a defensive stance, with capital rotating away from larger assets and into smaller, targeted exposures.

At the time of reporting, Bitcoin price was $87,805.56.