ETFs to drive XRP and Solana price rally as institutions rotate from Bitcoin, analysts say

Core Insights - Wall Street is optimistic that the launch of altcoin exchange-traded funds (ETFs) will significantly increase the prices of XRP and Solana, with expected price increases of 33% and 10% respectively [1][2] - Institutional demand for regulated exposure to non-Bitcoin assets is growing, even amid challenging macroeconomic conditions [2] - Newly launched XRP and Solana ETFs have generated over $955 million in sales in the past month, contrasting sharply with significant sell-offs in Bitcoin and Ethereum ETFs [3] Market Dynamics - The broader crypto market has seen a 2% increase, reaching a valuation of over $3 trillion in the last 24 hours [3] - Tech stocks have contributed to a global market rally, driven by expectations of a potential Federal Reserve rate cut in December, which has positively impacted risk appetite in the crypto market [4] - The CME FedWatch tool indicates an 81% probability of a rate cut in December, reflecting a significant increase in expectations compared to the previous week [5] Current Prices - As of the latest data, Bitcoin is trading at $87,413, up 1.5% in the past 24 hours, while Ethereum is trading at $2,896, up 3.6% [7]