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- 🐳 Daily Edition: Bitcoin Takes a Plunge As Strategy Avoids Nasdaq Axe
🐳 Daily Edition: Bitcoin Takes a Plunge As Strategy Avoids Nasdaq Axe
BTC and ETH ETFs see major outflows over the last month while XRP ETFs attracted a fresh $1B in capital, could we see the same happen with other altcoin ETFs?
Will McKinnon & Beluga
December 15, 2025
While MSCI’s decision remains pending, Michael Saylor’s Strategy dodged one major bullet on Friday in retaining its spot on the Nasdaq-100 index as removal could have led to $1.6B in potential forced selling. This indicates Nasdaq seems to be prioritizing market cap over company structure, which we can only hope MSCI follows suit in doing the same as removal could trigger an estimated $2.8B in forced selling. Saylor is seemingly unfazed by the turmoil, however, as they announced the acquisition of another $1B in BTC over the last week bringing their total holdings to 671k BTC, about 3.1% of the total supply.
24 Hour Heatmap, Source: CoinMarketCap
Interestingly while Bitcoin and Ethereum ETFs have posted major outflows over the last month to the tune of ~$4.6B, the XRP ETFs recorded net inflows every day since their Nov 13th launch officially reaching $1B in cumulative net flows. I’m the first to admit that I am nowhere near an XRP bull (and in fact I’m pretty firmly on the bear side), but wow are those numbers impressive given Bitcoin has fallen 15% over that same time frame. XRP has long been an enigma to most crypto natives who view their purported adoption claims to be fake or misrepresented, yet that never seemed to matter to the XRP army. To paraphrase Dazed and Confused, the crypto market keeps getting older, but XRP holders stay the same.
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