After the inauguration of US President Donald Trump, altcoin ETFs boomed and commenced to be launched regardless of the federal government shutdown.
Solana (SOL), Litecoin (LTC), and Hedera (HBAR) ETFs had been launched first, adopted by XRP and Dogecoin (DOGE).
In the intervening time, Franklin Templeton’s XRP ETF and Grayscale’s XRP and DOGE ETFs had been just lately launched.
The variety of XRP ETFs within the US elevated to 4, with the spot XRP ETF recording internet inflows of $164 million yesterday.
On November 24, 4 U.S. XRP ETFs recorded a complete of $164 million in internet inflows, in line with SoSoValue knowledge.
Amongst inflows, Grayscale’s GXRP fund led the day with $67.36 million in inflows, adopted by Franklin’s XRPZ fund with $62.59 million, Bitwise’s XRP fund with $17.71 million, and Canary’s XRPC fund with $16.38 million.
In distinction, Grayscale’s Spot DOGE ETF, the primary DOGE ETF within the U.S., posted a quantity of $1.41 million in its first commerce, with no internet inflows.
The primary U.S. Spot Dogecoin ETF launched by Grayscale on the New York Inventory Trade (NYSE) recorded zero internet inflows on its first day of launch.
Once more, in line with SoSoValue knowledge, the ETF’s buying and selling quantity reached $1.41 million and its complete internet property reached $1.71 million.
It’s raining on altcoin ETFs!
Because the altcoin ETF streak continues, Bloomberg senior ETF analyst Eric Balchunas claimed {that a} flood of altcoin ETFs is about to start.
Balciunas stated he expects greater than 100 crypto ETFs to be launched throughout the subsequent six months.
A complete of 5 spot crypto ETFs are scheduled to be launched over the following six days. There are not any clear numbers past that, however secure provide is anticipated.
*This isn’t funding recommendation.
