Ethereum ETFs Turn Red Again as XRP ETFs Extend Inflow Streak

Key Insights

• Ethereum ETFs recorded $95.53 million in outflows on December 23.
• XRP ETFs posted their eighth consecutive day of inflows with $8.19M.
• Bitcoin ETFs saw $188.64M in redemptions during the session.

Ethereum ETFs reversed their brief recovery, posting $95.53 million in net outflows on December 23. The losses came just one day after the products recorded $84.59 million in inflows, ending a seven-day losing streak.

Data from SoSoValue shows XRP ETFs maintained their unbroken streak of positive flows with $8.19 million in inflows, while Bitcoin ETFs faced $188.64 million in redemptions.

Ethereum ETFs Post One-Day Reversal

Ethereum ETFs saw $95.53 million in net redemptions on December 23. This brought cumulative inflows to $12.43 billion.

Total net assets declined to $18.02 billion from $18.20 billion on December 22. The single-day outflow erased most of the previous day’s gains.

Grayscale’s ETHE led the outflows, with $50.89 million in redemptions. This resulted in a 17,200 ETH reduction from its holdings.

The trust maintains -$5.05 billion in cumulative outflows and $2.70 billion in total assets. ETHE has posted consistent redemptions throughout December. This contributes to the majority of negative flows across the product lineup.

BlackRock’s ETHA recorded $25.04 million in outflows, losing 8,460 ETH. The product holds $12.65 billion in cumulative inflows and $10.34 billion in total assets.

Bitwise’s ETHW saw $13.98 million exit, shedding 4,730 ETH. The product maintains $394.77 million in cumulative inflows and $342.19 million in total assets.

Franklin’s EZET recorded $5.61 million in outflows, losing 1,900 ETH and bringing its cumulative flows to $64.82 million.

Five Ethereum ETF products reported zero activity. Fidelity’s FETH, Grayscale’s ETH, VanEck’s ETHV, 21Shares’ TETH, and Invesco’s QETH all showed no flows.

December Volatility Continues for Ethereum ETFs

The December 23 performance extends a pattern of volatility that has been seen with Ethereum ETFs throughout the month.

The products saw only one positive day between December 11 and December 23. That single inflow occurred on December 22. The brief recovery proved short-lived as selling pressure resumed the following session.

Total assets fell from $21.43 billion on December 10 to $18.02 billion on December 23. The decline amounted to $3.41 billion over thirteen days. Cumulative inflows have fallen from $13.15 billion to $12.43 billion during the same period.

The December 15 and December 16 sessions marked the worst back‑to‑back performance. Outflows totaled $224.78 million and $224.26 million, respectively. These two days alone accounted for $449.04 million in redemptions.

XRP ETFs Maintain Perfect Record

XRP spot ETFs recorded $8.19 million in net inflows on December 23, bringing cumulative flows to $1.13 billion.

Trading volume reached $12.41 million, with total net assets standing at $1.25 billion. The products have not recorded a single day of outflows since launch.

Franklin’s XRPZ accounted for the entire day’s inflows, recording $8.19 million with 4.34 million XRP added to its holdings. The product maintains $219.41 million in cumulative inflows.

Canary’s XRPC holds $384.33 million in cumulative inflows, making it the largest XRP ETF by this metric.

21Shares’ TOXR maintains $29.34 million, while Bitwise’s XRP holds $247.72 million. Grayscale’s GXRP has accumulated $244.23 million in cumulative flows.

The December 23 inflows are a slowdown from December 22. At that time, XRP ETFs recorded $43.89 million in net inflows.

Prior days showed smaller inflows. December 19 posted $13.21 million, December 18 recorded $30.41 million, and December 17 saw $18.99 million.

Bitcoin ETFs Extend Losing Streak

Bitcoin ETFs recorded $188.64 million in net outflows on December 23, bringing cumulative inflows to $57.08 billion.

The redemptions mark the fifth negative day in the past seven trading sessions. Trading volume reached $3.16 billion, while total net assets stood at $114.29 billion.

The December 23 losses represent the largest single-day outflow since December 18, when Bitcoin ETFs saw $161.32 million exit.

The products posted $792.40 million in combined outflows. This occurred over five negative days from December 18 through December 23.

The only positive session during this period came on December 17, when inflows reached $457.29 million.