[Spot ALT ETF] Large outflow from SOL, $50.27 million inflow into XRP

In the US cryptocurrency spot ETF market, Solana saw a significant net outflow, while major altcoin ETFs such as XRP, DOGE, and LINK continued to maintain strong buying activity.

According to SosoValue statistics, on the 3rd local time, the total net outflow from the US Solana spot ETF market was $32.19 million.

Of the six products that day, four saw inflows: ▲Bitwise BSOL +$5.57 million, ▲Fidelity FSOL +$1.66 million, ▲Grayscale GSOL +$1.55 million, ▲Canary SOLC +$817,900. On the other hand, ▲21Shares TSOL saw a large outflow of -$41.79 million, dominating the overall net outflow.

After recording a net inflow of $45.77 million the previous day (December 2), a significant net outflow occurred again just one day later, reducing the cumulative net inflow to $618.62 million.

The total trading volume was $32.72 million, down from the previous day’s $56.71 million. The total net asset value was $915.08 million, maintaining about 1.15% of Solana’s total market cap.

XRP Spot ETF Daily Fund Flow Chart / SosoValue

The total net inflow in the XRP spot ETF market was $50.27 million.

All four ETFs posted net inflows: ▲Grayscale GXRP +$39.26 million, ▲Franklin XRPZ +$4.76 million, ▲Bitwise XRP +$3.92 million, ▲Canary XRPC +$2.33 million.

After a wait-and-see mode on the first day of listing last month (the 13th), strong buying has continued for 13 consecutive trading days as of this day, with cumulative net inflows expanding to $874.28 million.

The total trading volume was $31.53 million, down slightly from the previous day’s $32.48 million. The total net asset value was $906.46 million, accounting for about 0.68% of XRP’s total market cap.

The DOGE spot ETF market recorded a net inflow of $177,250.

Of the two products that day, ▲Grayscale GDOG (+$177,250) saw a full inflow, while ▲Bitwise BWOW recorded $0, with no capital movement.

Following the previous trading day’s (December 2) $513,430, there have been two consecutive days of inflows, with cumulative net inflows expanding to $2.85 million.

Total trading volume was $299,800, down from $1.09 million the previous day. The total net asset value was $6.99 million, accounting for about 0.03% of Dogecoin’s total market cap.

Canary Litecoin Spot ETF (LTCC) recorded net inflows and outflows of ‘$0’ for the day, maintaining a flat stance.

After a small inflow of about $414,950 on the 28th of last month (after about seven trading days), the fund flow has stagnated for three consecutive trading days. Cumulative net inflows are $7.67 million, with total net assets of $7.78 million (accounting for 0.12% of market cap).

Canary Hedera Spot ETF (HBR) was also reported as $0, with no new inflows or outflows. Although there was an inflow of $1.78 million the previous day, trading stopped that day. Cumulative net inflows remained at $82.04 million, and total net assets at $67.23 million (accounting for 1.08% of market cap).

Grayscale Chainlink Spot ETF (GLNK) saw a net inflow of $3.84 million. The previous trading day marked its first day of trading, recording a $37.05 million net inflow, and the inflow trend continued that day. Cumulative net inflows expanded to $40.90 million, and total net assets increased to $67.55 million (accounting for 0.67% of market cap).