SOL & XRP ETFs Soak Up Capital as Bitcoin and Ethereum Funds Bleed Out

Money's on the move. While the old guard stumbles, fresh contenders are pulling in serious capital.

The New Favorites

Spot ETFs for Solana and Ripple's XRP are seeing net inflows—investors are voting with their wallets, shifting focus beyond the established giants. It's a clear signal that diversification within crypto assets is accelerating, driven by narratives around scalability and regulatory clarity.

The Established Giants Stumble

Meanwhile, spot Bitcoin and Ethereum ETFs are recording net outflows. The trend suggests some profit-taking or a tactical rotation, proving that even crypto blue-chips aren't immune to capital flight when newer, shinier options emerge. Classic finance behavior—chasing the next hot thing.

The flow flip highlights a maturing market. Capital isn't just flooding into crypto; it's getting smart, picking winners and losers within the ecosystem. Forget "number go up" for everything—this is selective, strategic, and a stark reminder that in crypto, as in traditional finance, yesterday's winners can quickly become today's baggage.

Fidelity’s FSOL saw inflows of $2.05 million on the day, bringing its total assets to $47.08 million, while VanEck’s VSOL was flat at $18.12 million and 21Shares’ TSOL had a significant net outflow of $101.51 million, taking its total assets down to $6.16 million.

XRP ETFs show strong investor interest

Solana is not alone on the inflow side; XRP ETFs also saw healthy inflows. SoSoValue data indicated a daily net inflow of $12.84 million to lift the total inflows to $887.12 million. The total traded value stood at $26.17 million, with net assets reaching $881.25 million, which accounted for 0.69% of XRP’s market cap.

Canary’s XRCP ETF remained dominant with $342.02 million in assets, adding $1.34 million for the day and $358.88 million cumulatively. The fund’s price was down 4.18% during the session, with $329.3K in trading volume. Grayscale’s GXRP had assets reaching $219.09 million, up $2.04 million every day and $211.07 million cumulatively. Bitwise’s XRP fund registered $90.26 million, buoyed by daily inflows of $3.76 million. 

Franklin’s XRPZ added $5.70 million in daily inflows and reached a total of $29.88 million in assets even though it fell 3.75% during the day. Trading volumes were strong across all the XRP ETFs, underlining consistent market demand.

BTC and ETH ETFs face outflows

Conversely, Bitcoin ETFs saw major outflows of –$194.64 million on December 4. However, the total is still at a high of $57.56 billion. BlackRock’s IBIT remained the largest position with $71.54 billion in AUM, despite a $112.96 million outflow on the same day.

The Fidelity FBTC ETF saw -$54.20 million daily, and the Grayscale GBTC recorded -$10.13 million. Cumulatively, the total net assets of bitcoin ETFs reached $120.68 billion, accounting for 6.54% of BTC’s market cap.

Ethereum ETFs had daily outflows of –$41.57 million, while their cumulative inflows stood at $12.95 billion. BlackRock’s ETHA held $11.49 billion in net assets and gained $28.35 million for the day. 

Market data also shows Grayscale’s ETHE ETF saw $30.96 million leave, and Fidelity’s FETH had $17.92 million in outflows. Even with these withdrawals, Ethereum ETFs still held $19.64 billion in total, or about 5% of Ethereum’s overall market value.

ETF expansion highlights broader market access

Recently, Canary Capital launched its XRP (XRPC) and HBAR (HBR) ETFs on Vanguard, allowing regular investors to buy crypto through a regulated fund. Grayscale also introduced the chainlink Trust ETF (GLNK), the first U.S. ETF for Chainlink, letting investors gain exposure to the network that powers smart contracts and supports DeFi applications.

Bloomberg analyst Eric Balchunas noted on X, “21Shares launched a 2x sui ETF, first SUI ETF, rare first one is leveraged. This is the 74th crypto ETF this year, 128th overall, with another 80 expected in the next 12 months.” Hence, asset managers are broadening their crypto ETF offerings to diversify beyond Bitcoin and Ethereum.

SOL and XRP ETFs are seeing consistent inflows, while Bitcoin and Ethereum funds experience outflows. This indicates a shift in investor activity and broader participation across different crypto assets.

Also Read: Binance CEO: India Could Become a Global Crypto and Web3 Hub