Spot ETF market shows mixed dynamics: XRP leads inflows, while Solana products attract

The cryptocurrency ETF landscape continues to show varying inflow trends. According to recent market data from November 17, significant capital changes have been registered across various digital asset products.

XRP Spot ETF Dominates with $25 Million Inflow

The XRP Spot ETF issued by Canary under the ticker symbol XRPC recorded remarkable capital inflows of $25.41 million on this trading day. This positive development led to the fund’s assets under management increasing to a total of $257 million. The XRP share ratio of total assets remains moderate at 0.2%, but it demonstrates the ongoing accumulation of funds in this product.

Solana ETF Segment Attracts Further Funds

In the Solana segment, inflows developed much more diversely. The total inflow into US Solana spot ETF products amounted to $8.26 million. The capital inflows were distributed as follows:

Bitwise’s BSOL product led with $7.31 million in inflows. Grayscale’s GSOL variant followed with a significantly smaller inflow of $950,000. VanEck’s VSOL, which was recently listed on Nasdaq, recorded a trading volume of $1.12 million but did not generate a net capital inflow. The total assets of VSOL at its market launch were $6.72 million.

Other Altcoin ETF Products with Selective Interest

Canary’s (LTCC) Litecoin spot ETF recorded inflows of $2.03 million, increasing its assets under management to $7.88 million. Canary’s (HBR) Hedera spot ETF saw no significant net inflows but maintained its substantial assets under management at $58.51 million. The HBAR share ratio of total assets is 0.96%.

The ongoing inflows into various digital asset ETFs indicate sustained investor interest in diversified crypto products, with XRP and Solana currently showing the strongest capital attraction.