This One ETF Chart Shows Crypto’s Power Shift

Exchange-traded fund (ETF) flows sent a mixed but revealing signal, exposing a widening split inside institutional cryptocurrency allocation. Bitcoin (BTC) ETFs saw heavy net outflows, while Ethereum (ETH) and Solana (SOL) told very different stories.

According to data shared by blockchain analytics platform Lookonchain, Bitcoin ETFs recorded a net outflow of 2,873 BTC on December 24, worth roughly $250.7 million. Over the previous seven days, the bleed continued, with 2,248 BTC exiting ETF products. At the same time, Ethereum ETFs posted a rare one-day inflow, while Solana’s continues to absorb capital at a steady pace.

What the ETF Flow Split is Really Showing

Bitcoin’s ETF outflows weren’t driven by a single issuer. Large products such as BlackRock’s IBIT and Grayscale’s GBTC both posted notable redemptions, reinforcing a broader pattern seen throughout late 2025: institutional Bitcoin exposure is being actively trimmed, not passively held.

Ethereum, however, broke ranks. While ETH ETFs are still down sharply on a seven-day basis, they added 13,500 ETH in a single session, which is roughly $39.5 million in fresh inflows. That suggests tactical positioning rather than structural abandonment, with allocators selectively rotating rather than exiting crypto exposure entirely.

Solana stood out even more. SOL ETFs recorded positive net inflows on both the one-day and seven-day windows, adding over 337,000 SOL in the past week. In dollar terms, the figures are smaller than Bitcoin’s, but the direction is unambiguous: capital is moving toward perceived growth and beta, not retreating from crypto altogether.

Why This Matters Heading Into Year-End

Importantly, the split wasn’t isolated to a single session. ETF data from the prior day shows the same pattern, with Bitcoin and Ethereum seeing continued pressure while Solana absorbed steady inflows.

The key signal isn’t bearishness but preference. Bitcoin remains the largest, most liquid asset, but it is increasingly treated as a balance-sheet instrument rather than a momentum trade. Ethereum and Solana, by contrast, are being used for selective exposure where investors believe upside asymmetry still exists.

ETF flows don’t predict price in isolation, but they do reveal conviction. Right now, that conviction is fragmenting, and that fragmentation may define how crypto trades into early 2026.

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