The post XRP, Solana lead altcoin ETP inflows as Ethereum slumps — CoinShares appeared on BitcoinEthereumNews.com.

XRP and Solana led all altcoin-based exchange-traded product (ETP) inflows during the week ending March 21, with $6.71 million and $6.44 million respectively, according to digital asset investment firm CoinShares. Other altcoin inflows were comparatively modest, with Polygon (POL) logging $400,000 and Chainlink (LINK) adding $200,000. Sentiment toward altcoins remained mixed overall, as Ether (ETH) alone saw significant outflows totaling $86 million. Other notable outflows included Sui (SUI), with $1.3 million, Polkadot (DOT), with $1.3 million and Tron (TRX) with $950,000. Despite Ether’s substantial outflows dragging down the altcoin sector, digital assets collectively reversed a five-week streak of net outflows, registering inflows of $644 million. Bitcoin (BTC) led this recovery with inflows amounting to $724 million, snapping its own five-week negative streak. Ethereum outflows pull down altcoins ETP performance, but Bitcoin carries digital assets. Source: CoinShares As Cointelegraph reported, Ethereum has now experienced net weekly outflows for four consecutive weeks, while Bitcoin recorded its largest net inflow since January. Related: Bitcoin ETFs log first net inflows in weeks, while Ether outflows continue Sentiment on digital assets ETPs shifting across the world CoinShares noted that the majority of inflows originated from the US, which accounted for $632 million, driven primarily by BlackRock’s iShares Bitcoin Trust (IBIT).  Positive sentiment, however, extended beyond the US, with Switzerland leading other regions at $15.9 million, followed closely by Germany ($13.9 million) and Hong Kong ($1.2 million). Canada and Sweden lead outflows. Source: CoinShares Stars lining up for Solana and XRP Although altcoins collectively suffered a net outflow driven primarily by Ethereum’s performance, Solana and XRP emerged as the standout altcoin performers. In Solana’s case, the US market is poised to introduce its first Solana futures exchange-traded funds (ETF), potentially paving the way for a future spot Solana ETF. Related: XRP and Solana race toward the…

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Filed under: News - @ March 25, 2025 7:25 am