Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH) prices have remained range-bound over the past month, which, according to market observers, contrasts recovering ETF interest.
What Happened: According to market commentator Bull Theory, ETFs are now absorbing all, or more than all, of the newly issued Bitcoin and Ethereum supply, yet prices have failed to respond meaningfully.
Over the past week, Ethereum ETFs accumulated roughly 3.6 times more ETH than was issued, while Bitcoin ETFs absorbed slightly over 100% of new BTC supply.
The lack of price movement suggests continued selling from existing holders, with coins rotating from weaker hands to stronger, longer-term holders.
This does not appear to be a demand problem. ETF demand already exceeds issuance, and historically, similar periods of heavy absorption without price appreciation have tended to resolve higher once selling pressure is exhausted.
ETF Snapshot
Wu Blockchain reported that between Dec. 8 and Dec. 12, spot crypto ETFs continued to see steady inflows.
Bitcoin spot ETFs recorded $287 million in net inflows for the week, while Ethereum spot ETFs attracted $209 million.
Solana spot ETFs added $33.6 million, with all seven Solana (CRYPTO: SOL) ETFs posting net inflows and no outflows during the period.
Ripple CEO Brad Garlinghouse noted that XRP (CRYPTO: XRP) has become the fastest crypto spot ETF since Ethereum to reach $1 billion in AUM in the U.S., achieving the milestone in under four weeks.
With more than 40 crypto ETFs launched this year, he said the data clearly points to significant pent-up demand for regulated crypto exposure.
For many off-chain investors, longevity, stability, and strong communities now matter more than hype.
Also Read: Bitcoin Stuck Around $90,000 XRP, Dogecoin Trade Flat While Ethereum Rises 2%
What’s Next: Crypto trader Jelle pointed out that based on prior local bottoms this cycle, it wouldn’t be surprising to see a few more weeks of sideways trading at these levels before a relief rally.
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