Haciyev Reşit 
Capital flows through spot ETFs in the crypto markets continue to clearly reflect investor sentiment. Data released on December 18 showed strong outflows from Bitcoin and Ethereum ETFs, while interest in Solana and XRP ETFs increased. This picture points to significant shifts in investors’ short-term risk perception and portfolio allocations.
Million-Dollar Net Outflows from Spot Bitcoin ETFs
On December 18, spot Bitcoin ETFs recorded a total net outflow of $161.32 million. This trend indicates that recent price volatility in Bitcoin and ongoing global market uncertainty have pushed investors toward a more cautious stance. Analysts note that accelerated short-term profit-taking and renewed focus on global interest rate expectations are among the key factors driving outflows from Bitcoin ETFs. In addition, some investors are reportedly reducing positions to lower risk and waiting for clearer market direction.
Ethereum ETF Outflow Streak Continues
Spot Ethereum ETFs saw net outflows of $96.62 million, marking the sixth consecutive day of net withdrawals. According to experts, this trend is linked to Ethereum’s sideways price action and investors rotating toward alternative crypto assets. The strengthening risk-off sentiment across markets is also cited as a primary reason behind the continued outflows from Ethereum ETFs.
Positive Divergence in Solana ETFs
Despite outflows in Bitcoin and Ethereum ETFs, spot Solana ETFs recorded net inflows of $13.16 million. Increased network activity within the Solana ecosystem, along with developments in the DeFi and NFT sectors, are supporting investor interest. Analysts highlight that Solana has recently shown positive divergence from the broader market and that medium-term expectations are strengthening.
Strong Inflows into XRP ETFs
Spot XRP ETFs posted net inflows of $30.41 million, drawing attention as a clear sign of growing institutional interest in XRP. Market experts state that, amid uncertain market conditions, investors are turning to XRP ETFs as part of diversification strategies. XRP’s relatively more stable price structure and distinct return potential are seen as key factors behind this preference. Additionally, inflows via ETFs are believed to reinforce confidence in XRP and could support demand in the medium term.
Overall Assessment
Data from December 18 suggest a shift in balance within the spot ETF market. While strong outflows from Bitcoin and Ethereum ETFs reflect investor caution, net inflows into Solana and XRP ETFs indicate rising interest in alternative crypto assets. In the coming days, spot ETF flows are expected to remain a key indicator for the direction of the crypto market.
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