Strong XRP ETF and Solana ETF Launches Signal Market Maturation
Bloomberg Intelligence analyst James Seyffart highlighted the record-breaking XRP ETF and Solana ETF launches in the US. He noted that Bitwise’s Solana ETF and Canary’s XRPC ETF achieved the year’s top volume. Daily inflows for the XRPC ETF averaged $15 million, excluding its $240 million launch capital. Seyffart expects Dogecoin (DOGE ETF) and Chainlink (LINK ETF) funds to debut soon, with Bitwise’s DOGE ETF launching on Nov. 26 and Grayscale converting LINK Trust on Dec. 2. He also pointed to BlackRock’s proposed Ethereum staking ETF as a unique tax strategy. Seyffart argued that “altcoin season” may have peaked, as investors favor digital asset trusts and crypto mining stocks. He forecast a shift towards basket products—index ETFs holding multiple altcoins—to spread risk and attract institutional capital. These trends underline growing retail demand and maturing market infrastructure.
Bullish
High demand and record inflows into XRP ETF and Solana ETF reflect robust retail and institutional interest. The imminent launch of DOGE and LINK ETFs and BlackRock’s Ethereum staking ETF initiative further expand the ETF ecosystem. History shows that ETF approvals, such as the Bitcoin ETF rollout, drive bullish market sentiment and inflows. The shift towards basket products also suggests growing market sophistication. These factors are likely to support higher trading volumes and price appreciation in both the short and long term, making the overall impact bullish.