“Global Crypto ETPs Hit by $812 Million Outflow, Solana Bucks Trend with $291 Million Inflows: Insights on Altcoin ETF Developments”

Last week saw a significant $812 million outflow from global crypto exchange-traded products (ETPs), ending a two-week streak of inflows, attributed to a drop in spot prices and fading confidence in US interest rate cuts. Bitcoin and Ethereum ETPs suffered heavy losses, while Solana (SOL) stood out with $291 million in inflows, likely due to anticipation of upcoming US ETF launches. Despite the recent outflows, crypto ETPs still maintained substantial cumulative inflows this month and year. Analysts anticipate significant developments in altcoin ETFs in the US in the next two weeks, with the SEC expected to decide on various ETF filings, starting with Canary Capital’s Litecoin (LTC) ETF. The decisions could impact ETFs for other altcoins like XRP, Solana, Dogecoin, Cardano, and Hedera.

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