Capital Flows Diverge: XRP Maintains 8-Day Inflow Run While Ethereum Sees $95.53M Outflow

The cryptocurrency ETF market displayed stark contrasts on December 23, with inflows favoring certain assets while others faced significant redemptions. XRP ETFs proved to be the standout performer, sustaining their positive momentum with eight consecutive days of inflows totaling $8.19 million. Franklin’s XRPZ ETF drove the entire day’s inflow activity, expanding its holdings by 4.34 million XRP tokens.

In a marked reversal, Ethereum ETFs experienced $95.53 million in redemptions, erasing recent gains from a brief recovery period. The decline triggered a notable contraction in total net assets, which fell from $18.20 billion to $18.02 billion. Grayscale’s ETHE product led the selling pressure, accounting for $50.89 million in outflows as the fund shed 17,200 ETH from its reserves.

Bitcoin ETFs also faced redemption headwinds during the same session, with outflows reaching $188.64 million. The combined pressure across major cryptocurrency ETFs suggests investors were rebalancing positions amid market volatility, with capital appearing to rotate from larger positions into alternative assets like XRP.