Ether ETFs Experience Inflow Surge, XRP Products Reach Multi-Week Highs

Recent developments in the cryptocurrency market indicate a notable shift in fund flows, particularly for Ether and XRP exchange-traded funds (ETFs). After a streak of outflows, spot Ether ETFs have seen a resurgence with $84.6 million in net inflows, while XRP ETFs continue their impressive trajectory with consistent inflows, marking a strong position in the market.

Key Takeaways

Spot Ether ETFs in the US recorded $84.6 million in net inflows, ending a seven-day outflow streak.
Cumulative net inflows for Ether ETFs have now reached approximately $12.5 billion.
XRP ETFs achieved $43.9 million in net inflows, extending their record of uninterrupted growth to over $1.1 billion.
Altcoin ETFs are showing varied inflow patterns, with Solana and Chainlink seeing gradual accumulation, while Dogecoin ETFs continue to experience declining demand.
Global crypto ETPs recorded nearly $1 billion in net outflows last week due to bearish market trends.

Main Content

On Monday, spot Ether exchange-traded funds (ETFs) in the United States saw net inflows totaling $84.6 million, breaking a seven-day period of outflows. This development marks one of the most significant single-day reversals observed this month. The change follows a period during which more than $700 million left the spot Ether products last week, suggesting a halt in selling pressure. According to data from SoSoValue, this rebound has increased cumulative net inflows to around $12.5 billion.

Simultaneously, XRP ETFs have maintained their streak of continuous inflows, recording $43.9 million on Monday. This represents the most substantial daily inflow for XRP since early December. Notably, XRP ETFs have not seen a single day of net outflows since their launch, accumulating over $1.1 billion in inflows to date. While the trading volume for XRP ETFs remains modest compared to Ether products, the reliability of the inflows is noteworthy. Data indicates that initial investors are gradually increasing their exposure, viewing XRP as a long-term investment rather than a quick trade.

Daily inflow data for XRP ETFs. Source: SoSoValue

Divergence in US Altcoin ETF Flows

In addition to the movements in Ether and XRP, there are noticeable differences in the fund flows of other altcoin ETFs within the cryptocurrency exchange-traded products (ETPs) market. Solana ETFs managed to attract consistent investment, raising their cumulative net inflows to approximately $750 million. Following a negative net flow on December 3, Solana products have resumed positive inflows, although at lower levels compared to XRP. Throughout their existence, Solana ETFs have recorded only three days of outflows.

Chainlink ETFs are exhibiting a similar pattern, with gradual inflows accumulating throughout December. On Monday, Chainlink products gained nearly $2 million in net inflows, bringing their total to about $58 million. However, a few days with minimal inflows indicate a decrease in trading activity, suggesting that these flows are more stable and not driven by speculative trading.

Conversely, Dogecoin ETFs continue to show signs of reduced demand, reflecting a downward trend. Data from SoSoValue reveals that Dogecoin's cumulative net inflow remains at $2 million, with total trading value dropping to $67,000 on Monday—marking its second-lowest trading day this month.

Related: Crypto ETPs Could Experience a Significant Surge by 2027: Analyst

Global Crypto ETF Outflows Approach $1 Billion

While several altcoin ETFs are experiencing steady inflows, the overall volume remains insufficient to counterbalance broader market trends. Last week, global crypto ETPs faced net outflows of approximately $952 million, largely driven by spot Bitcoin and Ether funds. Asset management firm CoinShares attributed this decrease to ongoing delays surrounding the Digital Asset Market Clarity Act, contributing to prolonged regulatory uncertainty that coincided with increased selling from major holders.

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