• Solana and XRP ETFs have no outflow days since launch.
• Solana ETFs reached nearly $500 million in inflows.
• XRP ETFs collected around $410 million in total inflows.
• Bitcoin and Ethereum ETFs are facing heavy multi-week redemptions.
• Investors may be shifting interest from BTC and ETH to altcoin ETFs.
• SOL and XRP prices are falling, but ETF demand remains strong.
• Market data shows early signs of a possible altcoin ETF trend.

The crypto ETF market is seeing a rare trend. While the prices of major cryptocurrencies like Bitcoin and Ethereum continue to fall — and their ETFs experience some of the largest outflows this year — two altcoin ETFs are showing the opposite pattern. Solana (SOL) and XRP ETFs are attracting steady inflows every day, even during a deep market pullback. This is unusual because, in most cases, ETF inflows follow market strength. But this time, investors are buying into Solana and XRP even as the wider crypto market drops.

According to data from SoSoValue, Solana ETFs have now collected almost $500 million in net inflows since launch. This is a significant number, especially given the negative sentiment in the market. Meanwhile, XRP ETFs have gained around $410 million in total inflows, showing that investors are still confident in XRP despite price volatility.

One of the strongest signals came from the launch of the Bitwise XRP ETF. On its first trading day, the ETF brought in $105 million, making it one of the most successful altcoin ETF launches this year. Another provider, Canary, reported $12.8 million in inflows on the same day. Earlier in November, Canary also recorded its largest inflow day ever for its ETF “XRPC,” with $243 million entering the fund in a single day.

Solana ETFs are also performing strongly. Every day since launch, Solana ETF products have reported positive inflows. These inflows range between $8 million and $55 million per day. The biggest day of the month came on November 19, when Solana ETFs saw their highest inflow level during a week when most of the market was aggressively selling.

However, despite the strong ETF activity, the actual tokens — SOL and XRP — have not performed well in the last 30 days. Solana is down 32.5% over the past month and 10.9% in just the last week. The token has also lost 52.3% of its value over the past year, according to CoinGecko. XRP shows similar short-term weakness, falling 21.2% in the past month and 16.6% in the last week. But unlike Solana, XRP is still up almost 50% year-over-year, showing that longer-term interest remains strong.

The interesting part is that ETF inflows are rising while token prices are falling. This suggests that investors — especially institutional or long-term investors — may be using the dip to accumulate exposure through ETFs. ETFs make it easier for institutions to invest without dealing with self-custody, exchanges, or onchain risk. This could be one reason why Solana and XRP ETFs remain strong during a weak market.

Another explanation is that investors may be looking for alternative assets beyond Bitcoin and Ethereum. With BTC and ETH ETFs experiencing large and continuous outflows, there may be a shift in attention toward new altcoin ETFs that offer growth potential. The strong demand for Solana and XRP ETFs could be an early sign of an “altseason” within the ETF market, even if the spot market is struggling.

Overall, the consistent inflows into Solana and XRP ETFs show a clear message: investor confidence in these two assets is holding up better than expected, and many see them as long-term opportunities despite short-term price drops.

Final Thought

Solana and XRP ETFs are showing strong demand at a time when much of the crypto market is under pressure. This trend may be a sign that investors are quietly rotating into altcoins through ETFs. If this continues, we could see the early stages of an altcoin ETF narrative, where capital slowly shifts from Bitcoin and Ethereum into newer, faster-growing assets.