Bitcoin ETFs Begin December With Modest Gains as Ether and Solana Slide

CN
2 hours ago

The first trading day of December delivered a mixed tone across the crypto exchange-traded fund (ETF) markets. Some segments showed resilience, others stumbled, and all reflected a market still wrestling with shifting momentum. Bitcoin ETFs stayed in positive territory, ether products tumbled into deep withdrawals, and solana funds reversed their recent strength with a sharp outflow.

Bitcoin ETFs continued their recent pattern of tight, cautious flows but closed the day with a net $8.48 million inflow. Fidelity’s FBTC did the heavy lifting, attracting a notable $67.02 million, while ARK & 21Shares’ ARKB chipped in another $7.38 million. The downside came from Blackrock’s IBIT, which saw a substantial $65.92 million exit, nearly erasing the gains produced by the other two major players. Still, the category held its ground and finished firmly in the green. Trading volume was active at $5.92 billion, while net assets stood at $111.94 billion.

Bitcoin ETFs Begin December With Modest Gains as Ether and Solana Slide

Four days of successive inflows for bitcoin ETFs

Ether ETFs opened the month on a decidedly negative note. Blackrock’s ETHA posted a strong $26.65 million inflow, but it wasn’t nearly enough to counter heavy withdrawals across the rest of the sector. Grayscale’s ETHE led the decline with a $49.79 million outflow, followed by Fidelity’s FETH at $31.62 million. Grayscale’s Ether Mini Trust shed $20.28 million, and Vaneck’s ETHV closed with a $4.03 million exit. Altogether, ether ETFs recorded a $79.07 million net outflow as traders rotated away from ETH exposure. Daily trading volume reached $1.63 billion, and net assets ended the day at $17.21 billion.

Read more: Ether ETFs Lead Weekly Gains as Bitcoin and Solana Stay Green

Solana ETFs, which had been on an impressive multiday inflow streak, finally hit resistance. Bitwise’s BSOL brought in a strong $17.18 million, complemented by a $1.82 million gain for Grayscale’s GSOL. But 21Shares’ TSOL saw a sharp $32.54 million outflow, enough to flip the entire category negative for the day. The group closed with a $13.54 million net outflow. Trading value reached $54.35 million, and net assets settled at $790.91 million.

FAQ📍

  • Why did bitcoin ETFs stay positive today?
    Bitcoin funds managed an $8.48 million net inflow thanks to strong demand from FBTC and ARKB.
  • What caused the sharp outflows in ether ETFs?
    Heavy withdrawals from ETHE, FETH, and other major funds outweighed ETHA’s inflow, resulting in a $79 million net outflow.
  • Why did solana ETFs turn negative after multiple green days?
    A large $32.54 million exit from TSOL reversed the otherwise strong inflows from BSOL and GSOL.
  • What does this mixed start mean for crypto ETF sentiment?
    Investors are actively rotating positions as December begins, creating uneven but high-volume trading across BTC, ETH, and SOL.

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