Institutions Anticipating Potential XRP and Solana ETFs Amid Strong Product Inflows: CoinShares
Leading digital asset research manager CoinShares says institutional investors are pouring money into altcoin exchange-traded products (ETPs) in anticipation of XRP and Solana (SOL) exchange-traded funds (ETFs). In its latest Digital Asset Fund Flows Weekly Report, CoinShares finds that Bitcoin (BTC), which usually leads the pack in inflows, suffered outflows last week while certain altcoins enjoyed inflows. “This has raised the question of whether we are entering an ‘altcoin season.’ While inconclusive, there are some signs: Solana and XRP attracted substantial inflows of US$311m and US$189m respectively, with SUI also seeing US$8m. However, beyond these names, inflows tapered off quickly. Several altcoins saw outflows, including Litecoin (US$1.2m) and Bitcoin Cash (US$0.66m).” Source: CoinShares Overall, the digital assets investment products market saw $1.9 billion in inflows last week, the fifteenth week in a row of positive flows. ...