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    Writer by choice, CryptoCurrency Writer, and Researcher by chance. Currently, focusing on financial news and analysis, as well as cryptocurrency news and data. One may not call me a crypto “Enthusiast” but trust me I'm getting there.

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    Qadir Ak is the founder of Coinpedia. He has over a decade of experience writing about technology and has been covering the blockchain and cryptocurrency space since 2010. He has also interviewed a few prominent experts within the cryptocurrency space.

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  • 2 minutes read

Altcoin ETFs Smash Records, But Altcoins Crash: When Will XRP, SOL, HBAR And ETH Rally?

Story Highlights
  • Altcoin ETFs break trading records, but prices keep falling as Bitcoin drops below $98K and market pressure drags the entire crypto sector down.

  • Analysts say a major altcoin season may not arrive until early 2026, with Bitcoin dominance needing to break down before coins like XRP, SOL, ETH can rally.

The crypto market is going through one of its strangest weeks. Altcoin ETFs are breaking trading records, but altcoin prices are still falling. Bitcoin has dropped below $98,000, marking its worst November in years, and altcoins are sliding even harder.

Altcoins Fall Even As New ETFs Surpass Records

The big shock is that this crash is happening while new altcoin ETFs are performing better than anyone expected. The Canary XRP ETF, named XRPC, launched on Nasdaq and recorded $58.5 million in first day volume. This beat the previous altcoin ETF record held by Bitwise Solana at $57 million. More than 2.26 million shares were traded, and XRP price failed to hit the $3 mark.

Why ETFs Did Not Trigger A Rally

Investors expected a strong rally after these ETF launches. Instead, the market dipped. According to Canary Capital CEO Steven McClurg, ETF growth will be strong for a while because crypto is a new asset class, but only top coins will benefit long term. He compared crypto ETFs to commodity ETFs where gold dominates, silver follows, and smaller metals barely attract attention. Crypto may follow the same pattern with only a few strong winners and many weak performers.

Altcoin Crash Has A Bigger Cause

The drop is not only happening to XRP or SOL. The broader crypto market is falling with Bitcoin weakness pulling everything down. Rising dominance, macro pressure and profit taking have all added to the sell off. Even strong ETF launches are not enough to fight the wider negative trend.

When Will Altcoins Finally Pump

Analysts are watching Bitcoin dominance closely. It was rejected again at the 50 week EMA, the same pattern seen before the 2021 altcoin season. A sharp fall in dominance usually signals that altcoins are preparing for a big run.

One analyst who predicted a mini altcoin season in 2023 now believes the major altcoin season will arrive in the first quarter of 2026. If that plays out, coins like XRP, HBAR, SOL and ETH may see their strongest rallies after Bitcoin completes its next cycle move.

Conclusion

ETF launches are proving that institutional interest is rising fast. Money is flowing in, but price action is still lagging behind. Once market sentiment shifts and Bitcoin dominance breaks down, the altcoin rally investors are waiting for may finally begin.

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FAQs

Why are altcoins crashing even though new ETFs are breaking records?

Altcoins are falling because Bitcoin weakness, macro pressure, and profit-taking outweigh gains from strong ETF launches.

Why didn’t the new XRP and Solana ETFs trigger an altcoin rally?

ETF demand is rising, but broader market sentiment is negative, limiting price impact and keeping altcoins under selling pressure.

How does Bitcoin dominance affect altcoin performance?

High Bitcoin dominance drains liquidity from altcoins; a sharp drop often signals the start of an altcoin-led market rally.

What do record-breaking altcoin ETFs mean for the market?

They show strong institutional interest, but prices may lag until sentiment improves and Bitcoin’s influence weakens.

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