RT Tim Copeland (@Timccopeland)We added a new chart showing the altcoin ETF race, with Solana grabbing 74% of the market share outside of Bitcoin and Ethereum.XRP had highs of 54% but now down to 23% https://t.co/ws53Zn1byT ...

Core Insights - XRP ETF inflows reached $1 billion in assets in under 4 weeks, marking it as the fastest-growing altcoin ETF since Ethereum's launch in July 2024 [1] - The XRPC ETF from Canary Capital led the inflows with $245 million on its debut on November 13, 2024 [1] - Other notable ETFs such as those from Franklin Templeton, Grayscale, and Bitwise contributed to a 15-day streak of consecutive institutional demand [1]

chainlink reserve crossed 1m link funded entirely by protocol revenue converting payments to link. grayscale launched the first altcoin etf with staking yields included. coinbase adding link derivatives december 15. jp morgan using it for settlement. the supply squeeze happens when nobody's paying attention to fundamentals ...

Core Insights - Chainlink (LINK) has experienced a steady downtrend, currently priced at $11.5, amidst market volatility affecting major altcoins. However, sentiment is shifting as LINK is seen as a leading candidate for the next major altcoin ETF, which could significantly impact its price trajectory [1]. Group 1: ETF Developments - Grayscale has published a research report endorsing Chainlink's long-term value, highlighting its role as critical infrastructure for secure communication between on-chain smart contracts and off-chain real-world data [2]. - The report emphasizes that LINK is the largest non-Layer-1 token by market cap, showcasing its broad exposure across the crypto economy and its expanding institutional partnerships [3]. - Bloomberg ETF analyst Eric Balchunas has indicated that a Chainlink ETF, likely Grayscale's GLINK, is in development and could launch as early as next week, with a potential debut by December 2 [5][6]. Group 2: Institutional Interest - Grayscale's analysis suggests strong institutional conviction in Chainlink, indicating that the firm may be positioning LINK for its next ETF product [4]. - The Depository Trust & Clearing Corporation (DTCC) has listed the Bitwise Chainlink ETF Beneficial Interest, suggesting another LINK ETF is poised for approval [7]. - Bitwise has a successful track record in launching ETFs, which increases the likelihood of a near-term launch for a Chainlink ETF [8]. Group 3: Price Analysis - Currently, LINK is trading at $12.81, facing resistance at $12.94 while remaining in a month-long downtrend. The technical structure indicates hesitation, but demand driven by ETF developments could quickly shift momentum [9].

Core Insights - Fidelity is set to launch its spot Solana ETF on November 18, following VanEck's launch on November 17, marking an increase in competition in the Solana ETF space [1][2] - BlackRock has not filed for a Solana ETF or any altcoin ETF, raising questions about its potential entry into this market [2][4] Group 1: ETF Launches - Fidelity's spot Solana ETF will have a management fee of 0.25% [2] - Bitwise's BSOL was the first US spot Solana ETP, trading on the NYSE with a trading volume of $450 million [5] - VanEck launched a Solana Staking ETF on November 17 with zero fees until February 2026, after which a 0.30% sponsor fee will apply [6] Group 2: Market Dynamics - Fidelity is positioned to potentially become the largest asset manager in the Solana ETF category, according to analysts [3] - Canary Capital is also preparing to launch its Solana ETF under the ticker SOLC [3] - The collaboration between Fidelity and Marinade Finance for the staking aspect of the fund indicates a strategic partnership in the ETF's management [4]

Core Insights - Hong Kong has approved its first spot Solana (SOL) exchange-traded fund (ETF), expanding its range of regulated crypto investment products [1][9] - The ETF, managed by China Asset Management Company (ChinaAMC), is set to debut on October 27 with a minimum investment of approximately $100 [2][3] Listing Details - The official title of the ETF is Hua Xia Solana ETF, and it will be traded on the Hong Kong Stock Exchange (HKEX) [2] - Trading operations will be conducted through OSL Exchange, with OSL Digital Securities as the sub-custodian and BOCI-Prudential Trustee Limited as the primary custodian [3] Market Context - This approval marks the third cryptocurrency spot ETF in Hong Kong, following Bitcoin (BTC) and Ethereum (ETH) [1][9] - The launch of the Solana ETF comes amid delays in the U.S. for similar approvals, potentially increasing competition in the altcoin ETF market [5] Potential Impact - Analysts from J.P. Morgan estimate that Solana ETFs could attract up to $1.5 billion in their first year, which is about one-seventh of the inflows seen by Ethereum ETFs [7] - The entry of Hong Kong into the altcoin ETF market may drive modest institutional inflows and pressure U.S. regulators to expedite their approval processes [6][5]

The crypto market is buzzing with anticipation for the next spot crypto ETFs. Will Salana and XRP ETFs follow in Bitcoin's footsteps. Or will the altcoin ETF effect prove to be fundamentally different.Two recent SEC decisions should lead to a wave of new ETFs with Salana and XRP widely expected to be approved. The approvals would mark the SEC's most significant embrace of crypto products since signing off on spot Bitcoin and Ethereum ETFs back in 2024. So, will Salana and XRP follow in Bitcoin's footsteps.T ...

Core Insights - XRP price has recently moved above $3, showing a modest 2% increase, but underperformed compared to Bitcoin and Ethereum, which both rose over 3% [1] - Ripple's application for a U.S. banking license is a significant factor driving XRP's price rally, potentially allowing Ripple to access U.S. financial infrastructure [2] - The anticipated approval of Ripple's banking license could lead to increased bullish momentum for XRP, especially with upcoming altcoin ETF verdicts [5] Price Movement and Technical Analysis - XRP's price is currently around $2.99, above the 20-day Bollinger midpoint of $2.93, with support from the Parabolic SAR at $2.74 [6] - The upper Bollinger band is near $3.13, indicating a key resistance zone, with a decisive close above $3.15 potentially leading to a breakout towards $5 [7] - Volume Delta has turned positive at +2.7 million, suggesting renewed buyer dominance despite lower weekend trading volumes [6] Market Sentiment and Speculation - There is growing optimism on social media regarding Ripple's potential national bank status, with speculation that the review process for the banking license may take 5 to 6 months [3] - XRP futures traders are positioning for a positive market reaction, as indicated by a 4% increase in open interest to $8.9 billion, despite a 10.4% drop in weekend spot trading volumes [4]