Altcoin ETP Inflows Surge as Ethereum Underperforms

XRP and Solana Lead Altcoin ETP Inflows, Ethereum Struggles

A recent report by CoinShares has revealed that XRP and Solana led the pack in terms of altcoin exchange-traded product (ETP) inflows, while Ethereum struggled to keep up.

According to the report, XRP ETPs saw a significant surge in inflows, with over $23 million being added to the assets in the past week. This marks a significant increase from the previous week, which saw inflows of just $5 million.

Solana, a relatively new player in the cryptocurrency space, also saw a significant influx of funds, with over $15 million being added to its ETPs. This is a significant increase from the previous week, which saw inflows of just $2 million.

On the other hand, Ethereum ETPs saw a significant decline in inflows, with over $10 million being withdrawn from the assets in the past week. This is a significant decrease from the previous week, which saw inflows of over $20 million.

The report suggests that the decline in Ethereum ETP inflows may be due to the asset's struggles to regain its former glory. Ethereum has been facing increased competition from other cryptocurrencies, such as XRP and Solana, which have been gaining popularity in recent months.

The report also notes that the decline in Ethereum ETP inflows may be due to the asset's high price volatility, which may be causing investors to be cautious. Ethereum's price has been highly volatile in recent months, with the asset experiencing significant price swings.

Overall, the report suggests that XRP and Solana are gaining popularity among investors, while Ethereum is struggling to regain its former glory. The report also notes that the decline in Ethereum ETP inflows may be due to the asset's high price volatility.