Crypto ETF Month — December 2025: net -$1.1B
December 2025 saw a net outflow of -$1.1B from spot crypto ETFs, with XRP, SOL, and LINK experiencing notable inflows. The month was marked by volatility and shifting investor sentiment.
TL;DR
- Net flow: -$1.1B
- Total inflows: +$855.9M
- Total outflows: -$2.0B
- Strongest day: Dec 17 (+$465.1M) · Weakest day: Dec 15 (-$534.3M)
Monthly Overview
In December 2025, the net flows into spot crypto ETFs turned negative, totaling -$1.1B. The month saw significant inflows into seven assets, with XRP, SOL, and LINK leading the charge.
Flows by Asset
BTC
Net: -$1.1B / Inflow: +$88.5M / Outflow: -$1.2B
| Fund | Flow |
|---|---|
| BlackRock | -$473.8M |
| Grayscale | -$237.8M |
| 21Shares | -$194.5M |
| Bitwise | -$135.1M |
| VanEck | -$110.7M |
| Fidelity | +$86.6M |
| Grayscale BTC | -$23.1M |
| Invesco | -$3.9M |
| Franklin | -$2.1M |
| WisdomTree | +$1.9M |
ETH
Net: -$616.3M / Inflow: +$102.5M / Outflow: -$718.8M
| Fund | Flow |
|---|---|
| BlackRock | -$579.4M |
| Grayscale | -$117.1M |
| Fidelity | +$59.5M |
| Grayscale ETH | +$39.2M |
| VanEck | -$9.9M |
| Franklin | -$7.8M |
| Bitwise | -$4.6M |
| 21Shares | +$3.8M |
XRP
Net: +$381.9M / Inflow: +$381.9M / Outflow: $0.0M
| Fund | Flow |
|---|---|
| Franklin | +$144.4M |
| Grayscale | +$88.9M |
| Bitwise | +$87.0M |
| Canary | +$32.2M |
| 21Shares | +$29.3M |
SOL
Net: +$145.5M / Inflow: +$219.1M / Outflow: -$73.6M
| Fund | Flow |
|---|---|
| Bitwise | +$97.2M |
| Fidelity | +$82.8M |
| 21Shares | -$73.6M |
| Grayscale | +$29.0M |
| VanEck | +$10.1M |
LINK
Net: +$59.2M / Inflow: +$59.2M / Outflow: $0.0M
| Fund | Flow |
|---|---|
| Grayscale | +$59.2M |
HBAR
Net: +$3.5M / Inflow: +$3.5M / Outflow: $0.0M
| Fund | Flow |
|---|---|
| Canary | +$3.5M |
DOGE
Net: +$0.2M / Inflow: +$1.2M / Outflow: $0.0M
| Fund | Flow |
|---|---|
| Grayscale | +$1.2M |
Weekly Breakdown
| Week | Net flow |
|---|---|
| Dec 1 – Dec 5 | +$28.6M |
| Dec 8 – Dec 12 | +$630.9M |
| Dec 15 – Dec 19 | -$988.8M |
| Dec 22 – Dec 26 | -$804.1M |
| Dec 29 – Dec 31 | +$14.8M |
Biggest Fund Moves
Largest inflows
- Franklin (XRP): +$144.4M
- Bitwise (SOL): +$97.2M
- Grayscale (XRP): +$88.9M
- Bitwise (XRP): +$87.0M
- Fidelity (BTC): +$86.6M
Largest outflows
- BlackRock (ETH): -$579.4M
- BlackRock (BTC): -$473.8M
- Grayscale (BTC): -$237.8M
- 21Shares (BTC): -$194.5M
- Bitwise (BTC): -$135.1M
Market Interpretation
Institutional positioning revealed a clear trend of capital withdrawal from BTC and ETH, with BlackRock driving major outflows from ETH at -$579.4M. In contrast, XRP attracted substantial inflows, particularly from Franklin, which contributed +$144.4M. The best day of the month on December 17, with a net inflow of +$465.1M, contrasted sharply with the worst day, December 15, which recorded -$534.3M, indicating volatility in investor sentiment.
Conclusion
Overall, December concluded with a significant outflow, marked by a total net figure of -$1.1B. The data suggests a shift in investor preferences away from traditional assets towards emerging ones like XRP and SOL.