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Cryptocurrency ETFs are diverging: Bitcoin and Ethereum are losing capital, Solana and XRP are attracting funds
On December 19th, the spot cryptocurrency ETF market experienced mixed movements as capital continued to diversify significantly. The total net outflow from Bitcoin spot ETFs reached $158 million, indicating that profit-taking pressure remains present. Notably, only Fidelity’s FBTC fund saw net capital inflows, while other funds experienced withdrawals.
Similarly, Ethereum spot ETFs saw a total net outflow of $75.89 million, marking the seventh consecutive session of negative capital flow, reflecting investors’ cautious sentiment towards ETH in the short term.
Conversely, some altcoin ETFs showed positive signals. The Solana spot ETF recorded net capital inflows of $3.57 million, while XRP ETFs attracted $13.21 million in new funds. This trend indicates that capital is shifting towards assets with higher volatility, as investors seek profit opportunities outside of Bitcoin and Ethereum.