Gen Z and Millennial investors don’t feel like conventional pathways to wealth are working for them—and that’s in part why they’re turning to crypto. That’s according to the latest crypto report released on Tuesday by Coinbase. “Younger investors just feel like the traditional playbook isn’t working,” said Gareth Kay, vice president of brand at Coinbase, about Gen Z and Millennials investing in crypto. “They’ve said, let’s go and build a different one, because technology allows us to do that.” Gen Z and ...

Grayscale’s first US spot exchange-traded fund tied to Chainlink opened with solid demand, adding another data point to the debate over whether appetite for altcoins can survive a cooling crypto market. Key Takeaways: Bloomberg’s Eric Balchunas says the Chainlink ETF opened with $41M in inflows and $13M in volume. The debut beat Solana’s launch, but trailed XRP’s $243M Day-1 inflow reported by SosoValue. ETF analyst James Seyffart cautioned it wasn’t a blockbuster. Despite a pullback across major ...

Core Insights - Solana ETFs experienced their first net outflows of $8.1 million, ending a 21-day accumulation streak [1] - The 21Shares Solana ETF, TSOL, was primarily responsible for the outflows, with over $34 million exiting in a single session [2] - Despite the setback, Solana ETFs ended the week with a net addition of nearly $103 million, bringing cumulative inflows to $613.22 million [4] Solana ETF Performance - TSOL has recorded total net outflows of $26 million since its launch, with current net assets at $86 million [2] - The Bitwise Solana Staking ETF, BSOL, led inflows with $13.33 million, raising its cumulative total to $527.79 million [3] - Grayscale Solana Trust added $10.42 million, while Fidelity's FSOL fund logged $2.51 million [3] Market Context - Solana ETF products now hold approximately 6.83 million SOL tokens valued at around $964 million, indicating sustained institutional demand [3] - November has generated $414.01 million in inflows for Solana ETFs, surpassing October's $199.21 million [4] - In contrast, newly launched XRP ETFs have not recorded any outflows, with a cumulative total of $643 million [5]

Core Insights - Ethereum experienced a significant decline of approximately 45% from its all-time high of $4,950 in August to around $2,700 in November, reflecting deeper structural concerns regarding Layer 2 growth and its impact on ETH's value capture [7][9][8] - Solana's annual revenue reached $2.85 billion, indicating strong network usage and institutional interest, particularly following the launch of Solana ETFs which attracted over $380 million in net inflows within three weeks [6][7][22] - The competitive landscape between Solana and Ethereum is evolving, with Solana focusing on speed and retail flow while Ethereum emphasizes security and institutional structure, leading to a widening gap in their market positions [15][16] Ethereum Performance - Ethereum's price fluctuated between $3,900 and $4,200 in October before declining further in November, driven by fragmented Layer 2 activity and overall market weakness [8][9] - Long-term holders and institutions continue to accumulate ETH, viewing the price pullback as an entry opportunity despite the declining economic engine [9] Solana Performance - Solana opened 2025 with strong momentum, reaching an all-time high of nearly $295 in January, driven by increased trading activity and a surge in daily transaction volumes [4] - Despite a pullback to around $156 in July, Solana maintained strong network fundamentals with monthly revenues exceeding $150 million [3][11] - The launch of Solana ETFs in late October 2025 marked a significant milestone for institutional access, with the first ETF attracting $57 million on its first day [22] Revenue and Usage - Solana's revenue mix shows that nearly half of its $2.85 billion annual revenue comes from trading and DEX activity, indicating actual network usage rather than speculative hype [11][12] - High-frequency traders favor Solana for its rapid settlement and low costs, contributing to sustained monthly fees of $150-$250 million even after the initial memecoin trading frenzy [12][13] Competitive Dynamics - Solana's monolithic design and Proof of History mechanism allow for rapid execution and high throughput, making it suitable for high-frequency trading and memecoin launches, while Ethereum's modular approach leads to slower execution and fragmented user experience [16] - Solana processes over 3 million daily active addresses, while Ethereum's high costs deter retail users from the mainnet, leading to reliance on Layer 2 solutions [17] - The developer ecosystem on Solana is expanding, particularly in gaming and NFTs, while Ethereum's developer base is stretched across multiple Layer 2 networks, slowing progress [18] Future Predictions - Bullish scenarios for Solana suggest a new growth phase with increased institutional inflows and user activity, potentially pushing SOL prices to the $250-$340 range [26] - Ethereum may benefit from stronger Layer 2 demand, with price predictions ranging from $4,200 to $5,000 under favorable market conditions [27] - Bearish scenarios for both networks indicate potential setbacks due to regulatory pressures and market conditions, with SOL possibly drifting to $130-$160 and ETH falling to the $2,600-$2,900 range [30][31]

Core Insights - Spot Bitcoin exchange-traded funds (ETFs) experienced significant outflows, shedding nearly $1.2 billion in assets for the week, marking the third-highest total in their 22-month history [1] - November outflows from the 11 funds reached a record $3.79 billion, nearly matching the previous all-time high set in February, with over $900 million in outflows recorded on a single day [2] - The recent outflows coincide with a six-week decline in Bitcoin's price, which fell to $81,000, its lowest since early April, and is down approximately 33% from its all-time high of over $126,000 [3][4] Fund Performance - BlackRock's iShares Bitcoin Trust (IBIT) led the outflows with more than $1 billion, while Grayscale Bitcoin Trust (GBTC) and Fidelity Wise Origin Bitcoin Fund (FBTC) saw redemptions of about $172 million and $116 million, respectively [5] - Despite the overall outflows, FBTC saw a positive inflow of $108 million on Friday, indicating some investor interest, while BTC and GBTC generated $61.5 million and $84.9 million in assets, respectively [5] Market Trends - The recent outflows have occurred alongside the launch of new ETFs for Solana, XRP, and Dogecoin, with the Canary Capital XRP ETF generating $58 million in daily net investments, the highest among new ETFs in 2025 [6] - The Bitwise Solana Staking ETF (BSOL) has accumulated over $660 million in assets within three weeks without any outflows, reflecting strong investor demand for digital asset-based products [7] - The U.S. Securities and Exchange Commission is currently reviewing numerous applications for funds that track individual altcoins and crypto strategies, indicating a growing interest in diverse cryptocurrency investment options [7]

Core Insights - Bitwise Asset Management launched its Spot XRP ETF on the New York Stock Exchange on November 20, securing the ticker symbol "XRP," indicating strong exchange confidence in the product as a primary liquid vehicle for institutional investors [1] - The ETF has a unitary management fee of 0.34%, which will be waived for the first month on the first $500 million in assets [2] - The ETF is physically backed, holding actual XRP rather than derivatives or futures contracts [2] Competitive Landscape - Bitwise is now the second player in the US spot XRP market, following Canary Capital's launch of the first product on November 13, with Franklin Templeton expected to launch its offering on November 24 [4] - The sequence of launches suggests a growing institutional acceptance of XRP as an asset [4] - Bitwise previously launched a physical XRP ETP in Europe in 2022, and the US launch is part of a multi-year global strategy [4] Regulatory Environment - The ETF's prospectus cites legal clarity from the conclusion of the SEC vs Ripple litigation and relies on the GENIUS Act, enacted on July 18, 2025, which provides clear definitions for payment assets [6] - The GENIUS Act creates a jurisdictional carve-out for certain payment-focused digital assets, reducing SEC oversight [6] - This legislative clarity was a catalyst for the listing of these ETFs in 2025 [7] Market Metrics - XRP currently has a market capitalization of $127 billion, highlighting its significant presence in the crypto market [7] - The XRP Ledger has processed over 4 billion transactions since its inception, with an average daily volume of $1.9 billion [7]

Spot solana ETFs may not have been on the bingo card for every advisor out there, but these funds are growing by the day. Ever since Bitwise led the way with the release of the Bitwise Solana Staking ETF (BSOL), many competitors and firms have been racing to get a slice of the pie. ...

Core Insights - A Grayscale exchange-traded fund (ETF) tracking Dogecoin (DOGE) is set to begin trading on the New York Stock Exchange, potentially expanding the range of altcoin-focused products available to U.S. investors [1] - The ETF market for altcoins is experiencing increased activity, with other products like Bitwise's Dogecoin ETF and VanEck's Solana ETF also entering the market [2][3] - Recent ETF launches have shown strong initial trading volumes, indicating growing investor interest in cryptocurrency as a legitimate asset class [4][5] Group 1 - The Grayscale Dogecoin Trust (DOGE) is a conversion from an existing fund and is expected to trade on the NYSE, pending a listing notice [1] - The SEC's guidance appears favorable for the Grayscale ETF, with expectations for it to launch soon [2] - VanEck's Solana ETF debuted recently, following the trend of new altcoin ETFs entering the market [3] Group 2 - The spot XRP ETF by Canary Capital had a strong debut with $58 million in first-day trading volume, marking it as the best debut of any ETF this year [4] - The Bitwise Solana Staking ETF has also performed well, managing over $550 million in assets after its launch [4] - The Rex-Osprey DOGE ETF achieved high trading volumes shortly after its market entry, and issuers are seeking to introduce a leveraged version of the fund [5] Group 3 - Industry experts predict a steady introduction of new ETF products as interest in cryptocurrencies grows, despite recent declines in crypto market values [6] - Bitcoin has recently fallen below $92,000, with significant drops in the values of Solana, XRP, and DOGE over the past week [6]

Group 1: Market Overview - The new XRP exchange-traded fund (ETF) set a record for daily net inflows in 2025, while established Bitcoin and Ethereum funds faced significant outflows [1] - Bitcoin dropped below $98,500 for the first time in over six months, marking a 20% decline from its record high in early October [2] - Ethereum and Solana reached four- and five-month lows as investors moved away from risk-on assets due to a volatile U.S. economic and political environment [2] Group 2: Fund Performance - The 11 spot Bitcoin ETFs experienced nearly $867 million in asset outflows, the second highest in their 22-month history, while nine Ethereum funds saw an additional $260 million in outflows [1] - BlackRock's iShares Bitcoin Trust (IBIT) led the declines with over $250 million in outflows, while Fidelity Wise Origin Bitcoin Fund (FBTC) dropped more than $119 million [3] - IBIT has lost over $1 billion in the last 13 trading days, and FBTC has seen outflows exceeding $681 million [3] Group 3: New ETF Launch - Canary Capital's spot XRP ETF (XRPC) opened with $58 million in first-day trading volume, the strongest debut of any ETF this year [4] - Initial projections for XRPC's inflows were around $17 million, but it surpassed that within half an hour, outperforming the Bitwise Solana Staking ETF (BSOL) [5] - BSOL opened with $57 million and has generated over $550 million in net inflows, although it only totaled $1.5 million on Thursday [5]

Core Insights - The first U.S. spot XRP ETF, XRPC, launched with impressive initial trading volume of $26 million within the first 30 minutes [1][2] - The launch follows significant anticipation, with Nasdaq certifying the listing and the SEC allowing the product to become effective during a government shutdown [2] - XRP had been trending upward prior to the launch, indicating strong market positioning for the ETF [3] Trading Performance - XRPC's early trading performance positions it between the historic launches of Bitcoin and Ether ETFs and the more modest altcoin ETF performances [4] - Bitcoin ETFs launched in January 2024 achieved a record $4.6 billion in first-day volume, marking a significant moment for crypto adoption [5] - Ether ETFs, which debuted in July 2024, also saw substantial activity, with eight products generating nearly $600 million in volume during their first trading day [6] Comparison with Altcoin ETFs - Altcoin ETFs have generally seen lower opening-day volumes, with the Bitwise Solana Staking ETF (BSOL) leading at $56 million in October 2025 [7] - XRPC's opening-hour volume places it among the top-performing altcoin ETFs, with potential to become the largest debut in this category if momentum continues [8]