The cryptocurrency exchange-traded fund landscape showed divergent signals during the session on December 23. While some assets consolidated their capital attraction, others faced a significant outflow.
XRP Continues Its Winning Streak
Investment products in XRP experienced an inflow of $8.19 million, extending their positive streak to eight consecutive sessions. This movement reflects renewed institutional investor interest in the token. Notably, Franklin’s XRPZ performed particularly well, attracting 4.34 million tokens during the same period, solidifying its position as one of the most active investment vehicles in this segment.
Ethereum Experiences a Trend Reversal
Ethereum ETFs recorded a net outflow of $95.53 million on December 23, briefly reversing the gains of a recent seven-day recovery. This shift marks a turning point in investor behavior regarding the second-largest asset by market capitalization.
Grayscale’s ETHE product led capital outflows, with withdrawals of $50.89 million. This institution saw its holdings decrease by approximately 17,200 ETH, reflecting a change in position management strategies.
Bitcoin Also Faces Redemption Pressure
Bitcoin ETFs faced redemptions of $188.64 million during the same session, indicating that selling pressure is not limited to Ethereum but affects the broader ecosystem of traded crypto products.
The differentiated flow between assets suggests that investors are rotating their portfolios, channeling capital into certain segments while exiting others, demonstrating the dynamism of the institutional cryptocurrency market.
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Mixed flows in ETF market: XRP maintains its bullish streak while Ethereum faces selling pressure
The cryptocurrency exchange-traded fund landscape showed divergent signals during the session on December 23. While some assets consolidated their capital attraction, others faced a significant outflow.
XRP Continues Its Winning Streak
Investment products in XRP experienced an inflow of $8.19 million, extending their positive streak to eight consecutive sessions. This movement reflects renewed institutional investor interest in the token. Notably, Franklin’s XRPZ performed particularly well, attracting 4.34 million tokens during the same period, solidifying its position as one of the most active investment vehicles in this segment.
Ethereum Experiences a Trend Reversal
Ethereum ETFs recorded a net outflow of $95.53 million on December 23, briefly reversing the gains of a recent seven-day recovery. This shift marks a turning point in investor behavior regarding the second-largest asset by market capitalization.
Grayscale’s ETHE product led capital outflows, with withdrawals of $50.89 million. This institution saw its holdings decrease by approximately 17,200 ETH, reflecting a change in position management strategies.
Bitcoin Also Faces Redemption Pressure
Bitcoin ETFs faced redemptions of $188.64 million during the same session, indicating that selling pressure is not limited to Ethereum but affects the broader ecosystem of traded crypto products.
The differentiated flow between assets suggests that investors are rotating their portfolios, channeling capital into certain segments while exiting others, demonstrating the dynamism of the institutional cryptocurrency market.