Bet On Crypto

XRP and Solana ETFs See Record Demand

The crypto market might be shaky, but ETFs linked to major altcoins are booming. More traders are choosing regulated investment products instead of holding tokens directly, shifting risk away from low-liquidity markets and self-custody problems.

The strongest demand has appeared around XRP and Solana ETFs. Both launches exceeded every other U.S. ETF debut this year, surprising even optimistic analysts. Canary’s XRPC ETF keeps attracting around 15 million dollars a day, not counting its huge day-one seed investment. These results pushed ETF issuers to accelerate their plans, as it’s clear that investor interest in altcoins hasn’t disappeared — it has simply moved into regulated financial products.

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New ETFs: Dogecoin and Chainlink Next

With the SEC back to normal operations, the next wave of ETFs is already lined up. Bitwise plans to launch a Dogecoin ETF on November 26, while Grayscale’s Chainlink Trust will officially convert into an ETF on December 2. These products are viewed as the beginning of a larger expansion cycle.

Some issuers are also exploring more complex ideas. BlackRock’s proposed Ethereum ETF with staking features is gaining attention. If approved, it would add new tax considerations but could introduce an entirely new category of crypto ETFs.

Why Altcoins Aren’t Pumping

Even with strong ETF demand, the market hasn’t produced a classic altcoin rally. Instead of buying smaller tokens, investors are seeking volatility through mining stocks, digital asset trusts, and derivatives tied to Bitcoin ETFs. Traders who previously chased high-risk small caps are now choosing structured financial products for exposure.

What Comes Next

Analysts expect the long-term trend to move away from single-asset ETFs and toward index-style crypto baskets that combine multiple coins into one fund. These products are more appealing for professional asset managers, offering diversification without the complexity of holding individual cryptocurrencies.

Simonas Brazionis

Blockchain Expert

Simonas is a crypto and blockchain expert with 6 years of experience. Passionate about the industry he educates others on blockchain technology, and continuously expands his knowledge. He has helped many newcomers understand crypto, navigate investments, and stay informed about trends like DeFi and NFTs.