
Altcoin ETFs debut strong as Solana leads with $56M on Day One, signaling rising institutional demand beyond Bitcoin and Ethereum.
XRP ETFs could attract up to $10B in inflows, potentially driving XRP’s price toward $4–$8 and redefining the next wave of crypto ETF growth.
Wall Street just opened a new chapter for altcoins. The first-ever spot exchange-traded funds (ETFs) for Solana (SOL), Hedera (HBAR), and Litecoin (LTC) officially began trading this week, pulling in nearly $65 million in first-day trading volume.
According to Bloomberg ETF analyst Eric Balchunas, the final tally for day one came in at:
- $BSOL (Solana ETF): $56 million
- $HBR (Hedera ETF): $8 million
- $LTCC (Litecoin ETF): $1 million
Balchunas said that $BSOL’s $56 million debut is the strongest ETF launch of the year, surpassing several earlier products and even outperforming some Ethereum-related launches. He added that the fund was seeded with about $220 million, meaning the total invested capital could have reached around $280 million if all initial seed funds had been deployed on Day One.
A Big Moment for Altcoin ETFs
The strong performance shows growing institutional interest in regulated crypto exposure beyond Bitcoin and Ethereum. The Bitwise Solana Staking ETF, listed on the NYSE Arca, offers 7% annualized staking rewards with zero management fees, making it particularly attractive to yield-seeking investors.
Canary Capital’s Litecoin and Hedera ETFs, meanwhile, are listed on Nasdaq, both backed by tokens held in custody with BitGo and Coinbase Custody. This transparent setup gives traditional investors direct access to real tokens without the need for self-custody or on-chain management.
Eyes Now Turn to XRP
The success of the Solana, Hedera, and Litecoin ETFs has put attention on the next big contender: XRP. Seven U.S. XRP ETF filings are currently awaiting SEC review, with decisions expected between October 18 and November 14.
Market analysts say that XRP could dwarf the early success of SOL, HBAR, and LTC. Steven McClurg, CEO of Canary Capital, said XRP ETFs could attract $5 billion to $10 billion in inflows within the first month of trading.
Backing this projection, JPMorgan forecasts up to $8 billion in inflows during the first year, while CryptoQuant’s head of research Julio Moreno estimates that 1% to 4% of XRP’s total supply—worth $1.8 billion to $7.2 billion at current prices, could be absorbed by ETFs in the same period.
In an interview with Cryptoslate, Moreno said that such inflows would “significantly improve liquidity and cement XRP as a credible institutional asset.”
Could XRP Set a New Benchmark?
According to Bitget CMO Jamie Elkaleh, inflows could reach $4 billion to $8 billion in the first year, potentially driving XRP’s price into the $4 to $8 range by year-end.
JPMorgan’s altcoin ETF outlook predicts:
- XRP ETFs: $8 billion potential inflows
- Solana ETFs: $6 billion potential inflows
Analysts say that if this trend continues, crypto ETFs could collectively pull in over $50 billion in institutional capital within months, marking a new era for the digital asset market.
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FAQs
The first-ever spot ETFs for Solana, Hedera, and Litecoin have launched, pulling in nearly $65 million in first-day trading volume.
Solana’s ETF saw $56 million in day-one trading and offers 7% staking rewards with zero management fees, attracting strong institutional interest.
Analysts expect XRP ETFs to draw $5–10 billion in inflows within a month, boosting liquidity and positioning XRP as a major institutional asset.
The SEC is reviewing seven XRP ETF filings, with decisions expected between October 18 and November 14, sparking anticipation among investors.
Experts predict XRP’s price could rise to $4–$8 by year-end if ETF inflows reach projected levels, signaling strong demand from institutional buyers.
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