{"id":18785,"date":"2025-03-24T14:01:50","date_gmt":"2025-03-24T14:01:50","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=18785"},"modified":"2025-03-24T14:01:50","modified_gmt":"2025-03-24T14:01:50","slug":"xrp-solana-lead-altcoin-etp-inflows-as-ethereum-slumps-coinshares","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=18785","title":{"rendered":"XRP, Solana lead altcoin ETP inflows as Ethereum slumps \u2014 CoinShares"},"content":{"rendered":"
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\"XRP,<\/p>\n

XRP and Solana led all altcoin-based exchange-traded product (ETP) inflows during the week ending March 21, according to digital asset investment firm CoinShares.<\/p>\n

Other altcoin inflows were comparatively<\/a> modest, with Polygon (MATIC) logging $400,000 and Chainlink (LINK<\/a>) adding $200,000.<\/p>\n

Sentiment toward altcoins remained mixed overall, as Ether (ETH<\/a>) alone saw significant outflows totaling $86 million. Other notable outflows included Sui (SUI<\/a>), with $1.3 million, Polkadot (DOT<\/a>), with $1.3 million and Tron (TRX<\/a>), with $950,000.<\/p>\n

Despite Ether\u2019s 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<\/a>) led this recovery with inflows amounting to $724 million, snapping its own five-week negative streak.<\/p>\n

\"XRP,
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Ethereum outflows pull down altcoins ETP performance, but Bitcoin carries digital assets. Source: CoinShares<\/em><\/p>\n<\/figcaption><\/figure>\n

As Cointelegraph reported, Ethereum has now experienced net weekly outflows for four consecutive weeks, while Bitcoin recorded its largest net inflow since January.<\/p>\n

Related: <\/strong><\/em>Bitcoin ETFs log first net inflows in weeks, while Ether outflows continue<\/strong><\/em><\/a><\/p>\n

Sentiment on digital assets ETPs shifting across the world<\/h2>\n

CoinShares noted that the majority of inflows originated from the US, which accounted for $632 million, driven primarily by BlackRock\u2019s iShares Bitcoin Trust (IBIT).\u00a0<\/p>\n

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).<\/p>\n

\"XRP,
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Canada and Sweden lead outflows. Source: CoinShares<\/em><\/p>\n<\/figcaption><\/figure>\n

Stars lining up for Solana and XRP<\/h2>\n

Although altcoins collectively suffered a net outflow driven primarily by Ethereum\u2019s performance, Solana and XRP emerged as the standout altcoin performers. <\/p>\n

In Solana\u2019s case, the US market is poised to introduce its first Solana futures exchange-traded funds (ETF)<\/a>, potentially paving the way for a future spot Solana ETF.<\/p>\n

Related: <\/strong><\/em>XRP and Solana race toward the next crypto ETF approval<\/strong><\/em><\/a><\/p>\n

In Bitcoin\u2019s case, the approval of futures-based ETFs was initially favored by regulators due to the existence of a regulated market (the Chicago Mercantile Exchange), which provided assurances against potential market manipulation. However, this raised controversy over the SEC\u2019s continued rejection of spot Bitcoin ETFs<\/a>, which directly hold the cryptocurrency.\u00a0<\/p>\n

A pivotal lawsuit by Grayscale successfully challenged this inconsistency<\/a>, compelling the SEC to revisit its stance and ultimately paving the way for approval of the long-awaited spot Bitcoin ETFs<\/a>.<\/p>\n

Meanwhile, XRP has seen a significant boost from the recent dismissal by the SEC of its long-running lawsuit against Ripple Labs<\/a>.<\/p>\n

Magazine: <\/strong><\/em>Memecoins are ded \u2014 But Solana \u2018100x better\u2019 despite revenue plunge<\/strong><\/em><\/a>\u00a0<\/p>\n