Spot XRP exchange-traded funds (ETFs) within the United States continued to draw capital through December, extending their inflow streak to 29 consecutive days despite choppy market conditions.
According to data from SoSoValue, spot XRP ETFs (XRP) recorded net inflows of $8.44 million on Monday, bringing cumulative inflows since launch to $1.15 billion. Total net assets stood at roughly $1.24 billion, although XRP prices and broader crypto markets faced selling pressure throughout the month.
“XRP inflows are a function of regulatory clarity and regular accumulation in a less crowded trade than BTC/ETH,” Vincent Liu, chief investment officer at Kronos Research, told Cointelegraph, adding that XRP’s cross-border settlement use case “provides differentiated exposure that continues to draw capital over an extended time period.”
While inflows into XRP ETFs slowed after the outsized surge at the beginning of December, when each day inflows rose from $30 million to over $40 million, the funds posted consistent gains into the ultimate week of the month. In total, XRP funds raised $478 million this month.
XRP ETFs have seen sustained inflows since their launch. Source: SoSoValue
Bitcoin and Ether ETFs are bleeding in December
Spot ETFs on Bitcoin (BTC) and Ether (ETH) were under sustained pressure throughout the month, with each ranges experiencing significant net outflows as market volatility and year-end repositioning weighed on investor sentiment.
Spot Bitcoin ETFs lost greater than $1.1 billion throughout the month. The largest single-day withdrawal occurred on December 15, when funds withdrew $357.7 million in a single session. Selling pressure remained high within the second half of the month, although intermittent inflow days didn’t reverse the general trend.
Spot Ether ETFs followed the same path, recording net outflows of around $612 million in December. The largest decline occurred on December fifteenth when investors withdrew $224.8 million, closely followed by one other sharp outflow on December sixteenth.
“Expect BTC to trade in a broad, range-bound bull market profile with continued institutional positioning and macro sensitivity, while ETH could see stronger fundamental upside and potentially outperform BTC based on network adoption and real-world utility,” Liu said.
Crypto ETF outflows indicate slowing institutional demand
In a report last week, Glassnode said the 30-day moving average of net inflows into U.S. spot Bitcoin and Ether ETFs has remained negative since early November, indicating muted participation and a broader decline in crypto market liquidity.
Still, Liu said over the weekend that outflows from Bitcoin ETFs were commonplace throughout the holiday season, citing “holiday positioning” and lower liquidity moderately than a collapse in underlying demand. “When desks return in early January, institutional flows typically pick up and normalize,” he added.
