Bitcoin on December 4 
$86,989.86 A total net outflow of $194.64 million in spot ETFs created a short-term shakeup in the crypto market. According to SoSoValue data, the biggest outflow was from BlackRock’s IBIT ETF with $112.96 million. This retreat in IBIT, which has a historical total inflow of $62.55 billion, shows that investors are taking cautious positions in the short term. However, on the same day, XRP ETFs attracted attention by receiving a net inflow of $ 12.84 million. Franklin’s XRPZ fund covered most of the day with $5.70 million in inflows alone.
Sharp Outflows and Sudden Withdrawals in Bitcoin ETFs
By the end of the week, the picture for Bitcoin ETFs had improved somewhat. A total net inflow of $54.79 million was recorded on Friday. However, BlackRock’s IBIT fund gave an outflow of $32.4 million this time. IBIT’s cumulative inflows remain at $62.517 billion. In the same period, there was a new rise in XRP ETFs and a total inflow of 10.23 million dollars was recorded. Canary’s XRPC fund, in particular, was the star of the day with an inflow of $4.97 million.
Ethereum 
$2,804.64 The picture was weaker on the side. While there was an outflow of $75.2 million in ETH ETFs, Solana ETFs brought a positive breath to the market with a net inflow of $15.68 million on the same day.
The Market’s Eyes Are on the Recovery Signal on the Horizon
Bitcoin, which started December at $ 85,000, rose to $ 94,000 with a strong recovery during the week. This rally caused traders to put the classic “Christmas rush” possibility back on the table. For retail investors, $97,000 is seen as both a strong resistance and potential profit-taking zone; However, BTC has not yet fully approached this target.
Even though volatility is rising, Bitcoin remains the main driver of the overall market direction. While most major altcoins follow BTC price movements closely, industry-wide sentiment is also shaped by Bitcoin’s course. It seems that the market sentiment, which has been stuck in the “extreme fear” zone in recent weeks, has slowly risen to the orange zone, that is, the “cautious optimism” level.
Amidst these fluctuations, the corporate side is also experiencing busy days. Last week, an asset management company operating in Europe filed a regulatory application for a new multi-asset crypto ETF that it plans to launch in the first quarter of 2024. Although this fund is predominantly Bitcoin and Ethereum, it is stated that it will also allocate a certain share for Solana and XRP. Experts state that such mixed ETFs can open a new door, especially for institutional investors looking for risk distribution.
As a result, market data shows that Bitcoin is still at the center, but altcoin ETFs are increasingly attracting attention. Inflows, especially into XRP and Solana focused funds, indicate that investors are preparing for 2025 by distributing the risk balance. Although short-term volatility remains high, the general outlook indicates that a more stable ground may emerge towards the end of the year. Whether Bitcoin will find the strength to test the $97,000 resistance will be monitored as a critical threshold in the last days of the year.
