Emerging Trends in Altcoin ETFs.
While attention is focused on Solana (SOL) ETFs, which have attracted around $682 million, XRP ETFs have quietly surpassed them with $874 million in investments. Seven separate Solana ETFs have generated $618.62 million in net inflows since their launch, managing a total of $915.08 million, representing about 1.15% of Solana's market cap. In contrast, XRP has drawn $874.28 million, with only four ETFs listed, managed by Grayscale, Franklin Templeton, Canary, and Bitwise. The leading Canary ETF, XRPC, has raised $357 million since inception. Recently, these ETFs collectively attracted $50.27 million, with Grayscale's GXRP being the largest contributor. New ETFs for LINK, HBAR, LTC, and DOGE have also emerged, accumulating $133.46 million in net inflows. As investors can easily switch between funds, market volatility may increase. Although XRP and SOL ETFs are gaining traction, they still lag behind BTC and ETH ETFs, which have been operational for nearly two years. The growing number of altcoin ETFs indicates a shift towards a more diverse and competitive market.#TrendingTopic #TRUMP #solana #BTC $BTC
