XRP and SOL ETFs Attract Inflows as BTC and ETH Spot ETFs See Heavy Outflows
Spot XRP and SOL ETFs continued to draw inflows while spot Bitcoin and Ethereum ETFs registered sizable net outflows around Dec 23. XRP ETFs posted a daily inflow of $8.19m (after $43.89m earlier in the week), extending a positive daily streak since the first product launched on Nov 13 and bringing cumulative XRP spot ETF inflows to about $1.13bn (SoSoValue). SOL spot ETFs have been net positive since Dec 3, adding over $130m in that run and totaling roughly $754m cumulative inflows; Bitwise’s BSOL leads with nearly $620m while 21Shares’ TSOL trails. By contrast, spot BTC ETFs saw $188.64m of outflows on Dec 23, reducing cumulative BTC spot ETF inflows from a peak near $62.77bn on Oct 9 to about $57.08bn; BlackRock’s IBIT has shown continuous net withdrawals. Spot ETH ETFs recorded $84.59m of inflows on Dec 22 but then $95.53m of outflows on Dec 23, slicing nearly $3bn off cumulative inflows since early October and leaving seven-day patterns of heavy ETH redemptions in prior reporting. Traders should note an apparent rotation from legacy BTC/ETH products toward newer altcoin ETFs (XRP, SOL), likely driven by product- and ecosystem-specific catalysts and institutional rebalancing — a dynamic that can increase short-term volatility for BTC and ETH while supporting selective altcoin demand.
Neutral
Flows show a rotation rather than a broad market sell-off. Heavy outflows from BTC and ETH spot ETFs are bearish for near-term price pressure on those assets because ETF redemptions reduce institutional demand and can trigger selling. ETH’s recurring redemptions and a multi-hundred-million-dollar BTC outflow on Dec 23 indicate short-term downside risk and higher volatility for BTC and ETH. However, steady and meaningful inflows into XRP and SOL spot ETFs are supportive for those tokens, reflecting targeted institutional or product-driven demand. Cumulatively, BTC and ETH still hold large ETF assets under management, so headline outflows so far represent reallocation rather than systemic deleveraging. Therefore, net effect across each asset is mixed: bearish for BTC/ETH momentum in the short term, bullish for XRP/SOL relative performance and liquidity. Traders should watch flows, AUM trends for flagship ETF products (e.g., IBIT, BSOL), and news-driven catalysts that sustain altcoin inflows; large or sustained outflows from BTC/ETH could pressure prices further, while continued altcoin inflows may lift XRP and SOL.