The holiday week increased the pressure on Bitcoin and Ether ETFs, while XRP and Solana held their gains
The holiday trading week at the end of December revealed a sharp discrepancy in the behavior of investors in the market of cryptocurrency ETFs. While funds focused on Bitcoin and Ethereum have faced large-scale capital outflows, XRP and Solana-based ETFs have maintained steady inflows of funds. The period from December 22 to December 26 was spent in conditions of reduced liquidity and increased caution on the part of institutional investors.
Bitcoin spot ETFs recorded a weekly net outflow of $782 million, with all 12 active funds ending the week in the red. The IBIT fund from BlackRock was under the greatest pressure, from which $435.33 million was withdrawn. Consecutive daily outflows made this period one of the weakest for the product in the quarter. A similar trend was observed in the FBTC fund from Fidelity, which lost $110.68 million.
Grayscale funds also intensified the negative trend: GBTC showed an outflow of $72.78 million, and Bitcoin Mini Trust — $31.21 million. The reduction of positions in these products confirmed the trend of decreasing interest in more "mature" ETFs during periods of risk aversion. Additional outflows were recorded in Bitwise, VanEck, Ark & 21Shares and Franklin funds, which highlighted the breadth of the sales.
ETFs on ether looked somewhat more stable, but also ended the week with a net outflow of $102.34 million. The main burden fell on ETHA from BlackRock (–$69.42 million), while ETHE from Grayscale added another $47.54 million to the overall negative result. At the same time, Grayscale's Ether Mini Trust was an exception, showing a weekly inflow of $34.22 million, which indicates the selective interest of investors in more compact products.
Against this background, XRP funds demonstrated a steady continuation of the positive trend, recording a net inflow of $64 million. Franklin XRPZ became the leader again, accumulating the bulk of the new capital. Gradual inflows have also marked the products of Bitwise, Grayscale, and 21Shares, strengthening XRP's position as one of the most resilient ETFs by the end of 2025.
Solana ETFs also ended the week in positive territory with a cumulative inflow of $13.14 million. Fidelity and Bitwise funds became the key drivers, while Grayscale and VanEck products provided stable, albeit more modest replenishment. This confirmed the continued investor confidence in SOL even against the background of a general decrease in risk appetite.
Collectively, the data for the week clearly showed the division of market preferences: Bitcoin and Ether faced a seasonal decline in interest and profit-taking, while XRP and Solana benefited from structural demand and the effect of the novelty of ETF products at the end of 2025.
