Altcoin spot ETFs: NEAR alone draws inflows as XRP, SOL and three others see outflows

NEAR recorded a net inflow, while XRP, SOL, LINK, HBAR and ZEC posted net outflows. Dogecoin, Avalanche, Litecoin, Polkadot, Hyperliquid, BNB and TRON were flat.

NEAR was the only altcoin spot ETF market to attract fresh capital on Oct. 16. XRP, SOL, LINK, HBAR and ZEC saw redemptions, while the other seven tracked assets recorded no net flows.

XRP spot ETFs posted a $2.47 million net outflow, extending their outflow streak to two trading days. Of the five funds, Canary’s XRPC alone recorded an outflow of $2.47 million.

Cumulative net inflows: $1.81 billion｜Trading volume: $27.65 million｜Total net assets: $1.47 billion (1.78% of market capitalization)

Solana (SOL) spot ETFs shed $12.67 million, marking a 10th consecutive trading day of net outflows. Bitwise’s BSOL was the only one of the nine funds to record an outflow, at $12.67 million.

Cumulative net inflows: $1.56 billion｜Trading volume: $90.03 million｜Total net assets: $1.62 billion (2.62% of market capitalization)

Dogecoin (DOGE) spot ETFs recorded no net flows for the day.

Cumulative net inflows: $16.43 million｜Trading volume: $133,830｜Total net assets: $13.15 million (0.10% of market capitalization)

Chainlink (LINK) spot ETFs swung back to a net outflow of $397,256 after one trading day of inflows. Of the two funds, Bitwise’s CLNK attracted $1.56 million, while Grayscale’s GLNK lost $1.96 million.

Cumulative net inflows: $179.23 million｜Trading volume: $10.24 million｜Total net assets: $217.41 million (2.35% of market capitalization)

Avalanche (AVAX) spot ETFs remained flat for a sixth consecutive trading day.

Cumulative net inflows: $31.63 million｜Trading volume: $520,143｜Total net assets: $56.13 million (1.26% of market capitalization)

Hyperliquid (HYPE) spot ETFs returned to flat flows after two consecutive trading days of net outflows.

Cumulative net inflows: $324.43 million｜Trading volume: $16.43 million｜Total net assets: $410.31 million (2.31% of market capitalization)

· Canary HBAR ETF (HBR) posted a $558,980 net outflow after 10 flat trading days｜Cumulative net inflows: $113.65 million｜Trading volume: $781,729｜Total net assets: $65.85 million (1.78% of market capitalization) · Canary Litecoin ETF (LTCC) was flat for a seventh consecutive trading day｜Cumulative net inflows: $16.30 million｜Trading volume: $168,248｜Total net assets: $13.16 million (0.28% of market capitalization) · 21Shares Polkadot ETF (TDOT) returned to flat flows after one day of net outflows｜Cumulative net inflows: $3.20 million｜Trading volume: $18,521｜Total net assets: $11.61 million (0.57% of market capitalization) · VanEck BNB ETF (VBNB) returned to flat flows after one day of net outflows｜Cumulative net inflows: $99.79 million｜Trading volume: $70,174｜Total net assets: $95.36 million (0.10% of market capitalization) · Canary Staked ETF (TRXS) was flat for a 23rd consecutive trading day｜Cumulative net inflows: $491,056｜Trading volume: $16,680｜Total net assets: $50.18 million (0.16% of market capitalization) · Grayscale Zcash ETF (ZCSH) posted a $1.22 million net outflow, its second consecutive trading day of outflows｜Cumulative net inflows: $162.70 million｜Trading volume: $40.60 million｜Total net assets: $625.34 million (3.18% of market capitalization) · Bitwise NEAR ETF (NRR) attracted $2.61 million, its second consecutive trading day of inflows｜Cumulative net inflows: $83.05 million｜Trading volume: $8.32 million｜Total net assets: $82.36 million (1.23% of market capitalization)

This article is based on market data and chart analysis and does not constitute investment advice regarding any particular asset.