ETF altseason? Solana, XRP funds buck crypto’s market sell-off
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SOL and XRP ETFs have attracted nearly $900 million in combined inflows, highlighting rare investor conviction amid an ongoing market rout.
While spot Bitcoin and Ether exchange-traded funds (ETFs) are facing some of the biggest daily outflows since they launch, two new altcoin products are bucking the trend.
Despite the broader market rout, Solana (SOL) and XRP (XRP) ETFs have yet to record a single outflow day since launch, according to crypto ETF data aggregator SoSoValue. This makes the two altcoin ETFs rare green marks in an otherwise red ETF landscape.
The inflows are becoming substantial. Data shows that Solana-based spot ETFs have accumulated nearly $500 million in net inflows, while XRP ETFs have seen $410 million in cumulative net inflows to date.
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