On December 31st, the last trading day of 2025, the U.S. Bitcoin spot ETF market ended its seven-day streak of net outflows and recorded net inflows of approximately $350 million (approximately 500 billion won). According to multiple ETF data sources, including Farside Investors, this inflow marked the end of a streak of outflows exceeding $1 billion.
BlackRock's IBIT led the recovery in the Bitcoin ETF market, attracting over $140 million in inflows that day. Bitcoin ETFs experienced capital outflows throughout December due to year-end portfolio rebalancing and tax loss offset strategies. However, institutional investors' buying momentum appears to have returned to some degree since the last trading day of the year.
Ethereum spot ETFs also saw a slight net inflow, albeit a small one. Solana-related ETFs continued to see relatively stable inflows, with around $5 million in inflows.
The most notable trend was the XRP ETF. According to Blockonomy, XRP spot ETFs recorded net inflows of approximately $5.5 million on December 31st. Franklin Templeton's XRPZ led the inflows, with approximately $4 million, bringing the total assets under management (AUM) of all XRP ETFs to over $1.2 billion.
Launched on November 13th, the XRP ETF recorded net inflows for approximately 43 days, with only one day remaining, achieving a cumulative inflow of approximately $1.1 to $1.2 billion (approximately 1.5 trillion won). The initial success continued with some trading days seeing inflows of tens of millions of dollars.
CoinDesk analyzed that the continued inflow of funds into XRP ETFs reflects expectations of an improving regulatory environment and the demand from institutional investors who prefer regulated investment vehicles. The explanation is that the ETF structure, which allows price exposure without directly holding tokens, reduces custody and regulatory risks, benefiting XRP.
According to CryptoSlate, the global cryptocurrency ETF and ETP markets saw net inflows of over $46 billion in 2025. Despite short-term fluctuations in fund inflows and outflows at the end of the year, the annual inflows remain strong.
The market is interpreting this year-end fund flow as a signal that the cryptocurrency ETF market has moved beyond simple price-tracking and entered a phase of selective investment based on asset-specific characteristics and regulatory environments.
