XRP ETFs Maintain Strong Inflow Momentum While Ethereum Faces Capital Exodus

On December 23, cryptocurrency ETF markets painted a mixed picture as different digital assets experienced divergent investor sentiment. Ethereum ETFs witnessed substantial capital outflows totaling $95.53 million, erasing earlier gains from its recovery attempts that had interrupted a previous seven-day downturn.

The situation contrasted sharply with XRP’s trajectory. Grayscale’s ETHE product led the Ethereum redemption wave, accounting for $50.89 million in withdrawals and reducing its holdings by 17,200 ETH. This downward pressure pushed Ethereum ETFs’ assets under management down to $18.02 billion from $18.20 billion the day prior.

Meanwhile, XRP ETFs demonstrated resilience by securing their eighth consecutive day of inflows. The cryptocurrency attracted $8.19 million into its ETF structures, with Franklin’s XRPZ capturing the entirety of these daily capital movements by expanding positions by 4.34 million XRP tokens.

Bitcoin ETF redemptions also materialized during the same trading session, as the flagship digital asset saw $188.64 million in net outflows from its fund structures. The combined movements reflected shifting investor allocations across major cryptocurrency exposure vehicles.

The divergent inflow and outflow patterns suggest nuanced market participant behavior, with some rotating capital away from Ethereum’s current risk profile while simultaneously building exposure to XRP’s recovery narrative.