Haciyev Reşit 
On December 29, a notable divergence was observed in U.S. spot cryptocurrency ETFs. While Bitcoin and Ethereum spot ETFs recorded net outflows, Solana and XRP spot ETFs stood out positively with strong investor inflows. This picture indicates that investors are adopting a more cautious stance toward major crypto assets while beginning to shift toward alternative assets. Especially this divergence in institutional fund flows suggests that market sentiment has entered a short-term transition phase. According to experts, this activity reflects year-end portfolio rebalancing and risk management strategies.
Million-Dollar Outflows From Bitcoin ETFs
On December 29, U.S. spot Bitcoin ETFs recorded total net outflows of $19.29 million. This points to a cautious short-term approach among investors. However, not all funds moved in the same direction. Fidelity’s spot Bitcoin ETF, FBTC, stood out with a net inflow of $5.70 million on the day. This figure marked the highest single-fund net inflow among Bitcoin spot ETFs on that date. Experts say this shows that investor preferences are diverging on a fund-by-fund basis and that some major players continue to maintain confidence in specific ETFs.
Net Outflows in Ethereum ETFs
Similar to Bitcoin, spot Ethereum ETFs also showed a weak performance. On December 29, spot Ethereum ETFs recorded total net outflows of $9.63 million. This development indicates that short-term expectations for Ethereum remain under pressure and that investors are leaning toward risk reduction. Analysts suggest that these movements in Ethereum ETFs may be related to broader market conditions and year-end portfolio adjustments.
Solana Spot ETFs Outperformed
In contrast to the outflows seen in Bitcoin and Ethereum ETFs, Solana ETFs attracted notable investor interest. On the same day, Solana spot ETFs recorded total net inflows of $2.93 million. This suggests that investors are increasingly turning toward alternative crypto assets and that expectations for Solana are strengthening. Developments within the Solana ecosystem and increased network activity are cited as key drivers of this interest.
Strong Inflows Into XRP Spot ETFs
One of the most striking data points of the day came from XRP ETFs. On December 29, XRP spot ETFs recorded total net inflows of $8.44 million. This figure highlights rising investor appetite for XRP and strong fund-level demand. Experts note that these inflows are linked to market expectations and investors’ portfolio diversification strategies.
Assessment
The ETF data from December 29 clearly shows a sectoral and asset-based divergence in the crypto market. While Bitcoin and Ethereum spot ETFs experienced net outflows, the net inflows into Solana and XRP spot ETFs indicate a shift in investor interest toward these assets. Overall, this suggests that short-term market sentiment remains cautious, but rather than exiting the market entirely, investors are choosing to reallocate toward alternative crypto assets. Going forward, ETF flows are expected to continue playing a key role in shaping cryptocurrency prices and overall market direction.
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