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.

“This pushed month-to-date inflows to a record US$11.2bn, significantly surpassing the US$7.6bn seen in December 2024 following the US election.”

Regionally, the US led with $2 billion in inflows, followed by Germany at $70 million. These inflows were offset by outflows from Hong Kong, Canada and Brazil to the tune of $160 million, $84 million and $23 million, respectively.

Unusually, leading smart contract platform Ethereum (ETH) led all inflows last week with $1.59 billion.

“Year-to-date inflows into Ethereum have now reached US$7.79bn, surpassing the total for all of last year.”

Follow us on X, Facebook and Telegram

Comments

Post a Comment

Popular posts from this blog

Bitcoin Price Prediction: MicroStrategy Boosts BTC Ownership To 1% Of Supply As This Eco-Friendly Alternative Soars Towards $7 Million

Image
The Bitcoin price gained slightly in the last 24 hours to trade at $63,857.08 as of 9:05 a.m. EST as investors tentatively accumulate the crypto. During BTC’s 12% correction over the past 7 days, MicroStrategy bought another 9,245 bitcoins for $623 million in cash between Mar. 11 and Mar. 18, according to a Mar. 19 statement . Following this latest purchase, the company’s total BTC holdings stand at 214,246 BTC, which is more than 1% of the crypto’s total supply of 21 million coins. The Bitcoin Price Bounces Off Of A Key Support 4-hour chart for BTC/USDT (Source: TradingView ) The Bitcoin price rebounded off of the $61,481.65 support level in the last 12 hours. Should bulls continue to push the market leader’s price higher, it may attempt to reclaim a position above $65,847.29 in the coming 48 hours. A 4-hour candle close higher than this significant price point could then give BTC the foundation needed to keep climbing. In this more bullish scenario, th...
Read more

FBI Cautions Hadera Hashgraph Users Against NFT Airdrop Scams

Scams and hacks involving cryptocurrencies and non-fungible token markets are indeed on the rise in 2025. These scams often target unsuspecting individuals, leading to financial losses. In most cases, scammers use various techniques, including impersonation, fake emails, phishing links, and “rug pulls”. In response to the rising scams, the Federal Bureau of Investigation has stepped up to help crypto users from becoming victims of scams. FBI Warn NFT Users Against NFT Airdrop Scams Earlier this week, the Federal Bureau of Investigation issued a cautionary alert about a new scam where cybercriminals exploit non-fungible token airdrops on the Hedera Hashgraph network to steal crypto from cryptocurrency wallets. Hedera Hashgraph is a public, distributed ledger technology platform that uses a unique data structure called a directed acyclic graph to achieve high-performance, secure, and fair consensus. Based on the FBI announcement, cyber criminals have been defrauding cryptoc...
Read more

Solana & Bitcoin Connection Drives SOL to $130 as Halving Nears

Image
The Solana and Bitcoin (BTC) connection has driven SOL to a price below $130, but there is more to the story, with the Bitcoin Having Event just 500 blocks away. Indeed, the Halving is slated to take place in just four days, with the closing of the week seeing it officially take place. For much of last week, Solana ’s connection to Bitcoin has affected its price. As BTC has dropped in value, so too has SOL. That has led to a more than 34% drop in the last 30 days, according to CoinMarketCap. Yet, with many expecting the upcoming supply cut to impact prices, Solana could be one of the most affected. JUST IN: 500 blocks remain until #Bitcoin halving. pic.twitter.com/y5ATHAIrrj — Watcher.Guru (@WatcherGuru) April 16, 2024 Also Read: Solana DEX Volume Back to $1B After Network Update Solana-Bitcoin Connection Could Mean a Turnaround Soon For the last month, Solana has seen some highs and some lows. Its network had been the main player of March’s Me...
Read more