On December 4, Bitcoin Exchange-Traded Funds (ETFs) experienced a total net outflow of $194.64 million, according to data from SoSoValue. BlackRock's ETF IBIT recorded the highest individual net outflow for the day, at $112.96 million, although its total historical net inflow still stands impressively at $62.55 billion. In contrast, XRP ETFs demonstrated resilience with a net inflow of $12.84 million, with Franklin XRP ETF (XRPZ) contributing the largest portion through a single-day net inflow of $5.70 million. Ethereum ETFs also faced significant headwinds, recording a $75.2 million outflow, while Solana ETFs saw a total net inflow of $15.68 million.

A stronger performance was observed on Friday for Bitcoin ETFs, which collectively registered a total net inflow of $54.79 million. However, BlackRock's IBIT continued to see a net outflow, amounting to $32.4 million, bringing its historical cumulative net inflow to $62.517 billion. XRP ETFs maintained their positive trend, scooping up $10.23 million in inflows, largely driven by Canary XRP ETF (XRPC) which marked a $4.97 million inflow.

Amidst this ETF activity, Bitcoin's price action showed volatility. Starting December near $85,000, Bitcoin staged a sharp rebound to the $94,000 area, sparking hopes among traders for a seasonal Christmas rally. While retail investors have eyed $97,000 as a crucial resistance level and a potential profit-taking point, the market has yet to reach this target. Bitcoin continues to be a key indicator for the broader crypto market, with most major altcoins mirroring its movements and overall sector sentiment adjusting accordingly. Market participants remain cautiously optimistic, awaiting a decisive breakout to set the tone for 2025. Encouragingly, the