Bitcoin and XRP dominate spot ETF such as Solana
U.Today
1h ago
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U.Today analysis indicates that Bitcoin spot ETF still attracts the vast majority of institutional funds, and XRP stands out among altcoins ETF, performing better than Solana in several capital flow indicators; however, ETF demand has not eliminated the short-term price fluctuations of Bitcoin.
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ETF Does it follow market capitalization distribution?

Of course, Bitcoin is still in a unique category. BTC 's ETF holds approximately $110.68 billion in net assets, which accounts for 6.54% of Bitcoin's total market value. The cumulative net inflow has reached $57.84 billion, with an additional $118.86 million added in the most recent trading day. The daily trading volume is about $1.84 billion.

The absolute scale of XRP is much smaller, but it stands out in the altcoin ETF. Its five spot ETF assets have a cumulative net value of about $1.7 billion, with a total inflow of approximately $1.8 billion. On the latest trading day, there was another inflow of $3.14 million, bringing the 30-day inflow to $112.01 million.

Solana Although it owns 9 ETF, it is still lagging behind XRP at present, with an asset scale of about $1.93 billion, while the cumulative net inflow is only $1.59 billion. SOL also recorded a net outflow of $3.68 million on that day, which forms a clear contrast with the continuous positive inflow of XRP.

The scale of other altcoin products is also smaller. Zcash ETF holds assets of approximately $789 million, while Hyperliquid related products amount to about $507 million. Chainlink is at $236 million, and BNB is around $102 million.

ETF cannot help drive up prices.

The current trading price of Bitcoin is around $84,100, and it has once again encountered resistance in the range of $86,000 to $87,000. The overall trend remains bullish, but momentum has cooled down, with $83,000 becoming the support level at present. If this level is lost, the price could fall to around the $82,000 mark, which is near the upward-moving short-term moving average.

Therefore, the ETF demand has not eliminated short-term fluctuations. However, the distribution of funds is becoming increasingly clear: Bitcoin continues to absorb the vast majority of institutional spot ETF funds, while XRP has established itself as one of the strongest altcoin products, outperforming Solana in competition and in various capital flow indicators.

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