Recent fund flow data across U.S.-listed crypto investment products reveals notable differences in investor behavior as Ethereum-focused funds. continue to reduce billions of dollars in capital; XRP-linked products have recorded steady inflows and are now one of the best performing products in the spot crypto ETF market.
Data from SoSoValue shows this divergence has continued over the past month and is starting to turn in investors’ favor. XRP’s Regulated Cryptocurrency Exposure on Ethereum.
Ethereum ETF loses billions of dollars in one month
Ethereum Spot ETF According to SoSoValue Data I have experienced Capital outflows have continued over the past four weeks, bringing cumulative net outflows since the beginning of November to $1.725 billion. November alone accounted for $1.42 billion of these redemptions, making it the worst month for Ethereum ETF flows since the product launched in the U.S. in July 2024.
The intensity of the sell-off was evident in multiple trading sessions during November, with daily outflows exceeding $250 million on several occasions. This negative momentum continues into December, with little sign of stabilizing. The Spot Ethereum ETF has increased its streak of outflows, recording net redemptions of $224.78 million and $224.26 million, respectively, in the last two trading days alone.
At the same time, Ethereum spot price is struggling to gain momentum. The continued outflow of ETFs is consistent with a slowdown in price movements. ETH could not maintain the above $3,000.
The data shows that rather than seeing rotation between Ethereum products, capital will flow entirely out of the Ethereum ETF complex. This pattern means investors may be reallocating funds from ETH exposure to other assets. XRP shows the strongest conviction.
Spot Ethereum ETF Flow. Source: SoSoValue
XRP ETF hits $1 billion with steady inflows
The first U.S.-listed spot XRP ETF was launched on November 23rd and has been gaining momentum ever since. As of this writing, there are five spot XRP ETF issuers in the U.S., but they have yet to experience a mass exodus.
In contrast, spot ETFs linked to XRP recorded uninterrupted net inflows for a full month. This can be up to 22 consecutive business days. Cumulative inflow 1.01 billion since its release. As a result, total assets under management were approximately $1.16 billion as of December 16.
Spot XRP ETF flows. Source: SoSoValue
Ripple CEO Brad Garlinghouse explained the growth of XRP ETF as signal of broader structural demand for regulated crypto products. He highlighted that XRP recently became the fastest cryptocurrency spot ETF since Ethereum to surpass $1 billion in U.S. assets under management. This shows that institutional investors are switching from Ethereum to XRP.
The discrepancy becomes even more pronounced compared to bitcoinwhich has always determined the pace of general influx. According to Data from SoSoValueThe Spot Bitcoin ETF has seen a total of $3.915 billion in outflows since the beginning of November.
Spot Bitcoin ETF flows. Source: SoSoValue
What makes these numbers even more interesting is that they come at a time of bearish price action across the crypto market, with XRP price Even if I break through the bottom Support level of $2.
Featured image created by Dall.E, chart on Tradingview.com
