ALTCOIN ETFs PASSED THE MEME TEST
And capital told the truth.
Giannis Andreou
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🚨ALTCOIN ETFs PASSED THE MEME TEST
And capital told the truth.
US spot $SOL ETFs logged their first ever red day:
👉Net outflow -8.1M USD.
The shift was caused by one product:
👉21Shares TSOL outflows -34.37M USD, with current net assets at ~86.9M USD.
But the story didn’t break.
👉Bitwise Solana Staking ETF (BSOL) absorbed +13.33M USD in a single day, now sitting at ~631.2M USD in net assets.
Meanwhile $XRP ETFs stay undefeated since launch:
👉Cumulative net inflow ~643M USD.
New money:
🔸Bitwise XRP ETF +7.46M
🔸Canary XRPC +5.21M
🔸Grayscale GXRP +4.32M
🔸Franklin Templeton XRPZ +4.83M
😅Then there’s $DOGE.
The first spot DOGE ETF debut on NYSE printed only 1.4M USD trading volume day one.
Next day inflow 1.8M, dropping today to 365K USD.
👀That’s an 80% decline in 24 hours, with total assets still ~3.9M USD.
Market message:
SOL & XRP = infrastructure, staking, utility, institutional conviction.
DOGE = audience + memes, but not for big portfolios right now.
🚀Institutional capital is selective, and it’s betting on usage, not trend culture.
And capital told the truth.
US spot $SOL ETFs logged their first ever red day:
👉Net outflow -8.1M USD.
The shift was caused by one product:
👉21Shares TSOL outflows -34.37M USD, with current net assets at ~86.9M USD.
But the story didn’t break.
👉Bitwise Solana Staking ETF (BSOL) absorbed +13.33M USD in a single day, now sitting at ~631.2M USD in net assets.
Meanwhile $XRP ETFs stay undefeated since launch:
👉Cumulative net inflow ~643M USD.
New money:
🔸Bitwise XRP ETF +7.46M
🔸Canary XRPC +5.21M
🔸Grayscale GXRP +4.32M
🔸Franklin Templeton XRPZ +4.83M
😅Then there’s $DOGE.
The first spot DOGE ETF debut on NYSE printed only 1.4M USD trading volume day one.
Next day inflow 1.8M, dropping today to 365K USD.
👀That’s an 80% decline in 24 hours, with total assets still ~3.9M USD.
Market message:
SOL & XRP = infrastructure, staking, utility, institutional conviction.
DOGE = audience + memes, but not for big portfolios right now.
🚀Institutional capital is selective, and it’s betting on usage, not trend culture.
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