- Over $500 million left Bitcoin spot ETFs in the last two sessions, with $277 million in outflows recorded on Tuesday alone.
- Ethereum spot ETFs also saw substantial withdrawals, with $224 million exiting on Tuesday and a fourth consecutive day of net redemptions.
- Outflows occurred during a period of falling digital asset prices, with Bitcoin trading below $87,000 and Ethereum below $3,000.
- In contrast, XRP spot ETFs surpassed $1 billion in net inflows within a month of launch, and Solana ETFs continued to attract new capital.
- Other altcoin ETFs, including Dogecoin, Hedera, ChainLink, and Litecoin, experienced limited activity.
Investors pulled over $500 million from U.S. spot Bitcoin exchange-traded funds over two trading sessions, including $277 million in outflows on Tuesday. According to SoSoValue data, Ethereum spot ETFs also posted $224 million in outflows on Tuesday, marking four consecutive days of withdrawals as cryptocurrency prices weakened. During the same period, Bitcoin dipped below $87,000, and Ethereum struggled to stay above $3,000.
Outflows from digital asset funds accompanied overall market downturns. Retail trading sentiment around Bitcoin was described as “extremely bearish” over the past day, with conversation levels considered low. The largest U.S. Bitcoin ETF, iShares Bitcoin ETF (IBIT), fell 0.5% in pre-market trading. Similarly, Ethereum sentiment moved from “bearish” to “extremely bearish” as the token traded near $2,920, and the top Ethereum ETF, iShares Ethereum Trust ETF (ETHA), also dropped 0.5% before the open.
Despite weaknesses in Bitcoin and Ethereum funds, spot ETFs for XRP and Solana bucked the trend. XRP ETFs reached $1.01 billion in net inflows within a month of launch, including $8.5 million on Tuesday alone. While XRP’s price decreased 0.4% in the last 24 hours to $1.91, ETF demand remained strong and retail sentiment stayed in “bearish” territory. Solana ETFs also attracted $3.6 million in net inflows as the token slipped under $128.
Activity across other altcoin spot ETFs appeared muted. Dogecoin ETFs last recorded inflows on December 16, and Litecoin products saw stagnant flows since November. Hedera spot ETFs drew $762 million on December 9 and saw no new recent activity. Chainlink ETFs brought in $3.3 million in the last two days; however, activity remained inconsistent with frequent pauses.
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