Bitcoin 
$82,845.16 Its price experiences great fluctuations following the favorable and unfavorable statements of the Fed members. Williams pulled things together today, and optimistic statements brought about by the big drop in the stock market saved crypto for now. But there is something that escapes attention in the busy agenda. This is the ETF wave.
Altcoin ETF Wave
We have seen evaluations in this direction from Bitwise and other companies. Altcoin ETF approvals are starting to arrive, supporting more capital inflows to cryptocurrencies. Moreover, BTC and ETH ETFs experienced their biggest outflows XRP And SOL Coin ETF Its products attract investment. This is an important detail.
Despite the collapse in cryptocurrencies, SOL and XRP Coin ETFs It has been attracting new investment since launch and challenging BTC and ETH outflows. Solana-based spot ETFs experienced net inflows of approximately $500 million, while XRP Coin had $410 million. Neither had seen such large inflows from ETPs during this year. This reveals the potential.
XRP and SOL Coin ETF
Bitwise Asset Management launched its own ETF with the XRP label on Thursday. It generated a daily volume of $150 million. This is quite a large volume for a cryptocurrency like XRP Coin, whose market cap is much lower than ETH. Canary’s XRPC experienced an inflow of $12.8 million on the same day.
solana -based ETFs saw daily inflows of between $8 million and $55.6 million this week. The decline in spot prices increased the excitement and SOL Coin ETF attracted its biggest inflow 2 days ago. XRP Coin is up 50% compared to last year and this was a historic thing that happened with the end of the years-long war with the SEC.
If the 100 or so altcoin ETFs waiting in line can see proportionally similar inflows, we can see that the investor profile in the cryptocurrency markets has changed significantly. While BTC and ETH ETFs have seen billion-dollar outflows, they still hold tens of billions of dollars. These are long-term professional investors. They are less affected by short-term fluctuations.
Next up is as the altcoin ETF wave grows and pension funds begin to adopt crypto ETFs.
