Altcoin ETFs Set New Records, Signal Shift in Market

Bloomberg Intelligence analyst James Seyffart discussed the record-breaking success of new-generation crypto funds focused on XRP and Solana, indicating a potential shift in market sentiment. Speaking on Coin Bureau’s podcast, Seyffart attributed the strong performance of these ETFs to high retail investor demand for altcoins despite challenging market conditions. Specifically, he highlighted Canary’s XRPC ETF as a standout performer with daily inflows exceeding $15 million excluding initial capital. He also pointed out that the launch of Bitwise’s Solana ETF and Canary’s XRP ETF ranks them among the top-performing US ETFs by volume. ]