On December 4, Bitcoin ETFs saw a grand total of $194.64 million vanish into the ether (no, not the Ethereum kind). This sad event was dutifully recorded by SoSoValue, who, bless their hearts, keep track of such things.
The Bitcoin Spot ETF most hurt by this mass exodus? Why, none other than BlackRock’s IBIT, which saw a dramatic $112.96 million in net outflows. But don’t worry, it still has a whopping historical net inflow of $62.55 billion. Just a casual pocket change in the grand scheme of things.
Meanwhile, in a shocking twist, XRP ETFs had a much happier day. In fact, they saw a net inflow of $12.84 million. The Franklin XRP ETF, XRPZ, was the real star, bagging a single-day net inflow of $5.70 million. Who would’ve thought?
Fast forward to Friday, and Bitcoin ETFs decided to show a bit more sparkle, with a modest $54.79 million in net inflows. Still, BlackRock’s IBIT couldn’t escape the outflow curse, suffering a $32.4 million hit. But hey, it still sits proudly on a historical net inflow of $62.517 billion. Minor hiccup, really.
Meanwhile, XRP ETFs were again in the money, collecting $10.23 million. The Canary XRP ETF (XRPC) accounted for a delightful $4.97 million of that. Frankly, XRP is having a better time than most of us on a Tuesday morning.
Oh, and let’s not forget Ethereum ETFs, which somehow managed to lose $75.2 million. Solana ETFs, on the other hand, had a modest net inflow of $15.68 million. It’s a bit like watching a show where some characters just can’t catch a break, and others seem to have their life together.
Will Bitcoin pull itself together in 2025?
Bitcoin kicked off December near the $85,000 mark, then did a little jump and reached $94,000. Naturally, traders were like, “Could this be the beginning of the Christmas rally we all secretly hope for?”
Retail investors are eyeing $97,000 as the magic number – a level where they might finally feel comfortable enough to take profits. But alas, the market still can’t quite get there. Typical.
Despite all the chaos, Bitcoin remains the leader of the pack, dictating the moves of altcoins like a strict but strangely charismatic school teacher. Most of the other coins just follow along, hoping to catch some of that sweet, sweet attention Bitcoin always seems to get.
But here’s a fun little tidbit: the “extreme fear” that has been gripping the market for the past two months is finally starting to give way to something a little less dramatic. The Fear & Greed index is moving from the terrifying red zone into a more reasonable shade of orange. Progress, right?
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2025-12-06 13:49