đŁ Key Takeaways
đ 1. Solana ETFs Expected to Attract Strong Inflows
K33 analysts, led by Vetle Lunde, project robust demand for Solana (SOL) ETFs.
Early evidence: VolatilitySharesâ 2x leveraged SOL ETF already holds exposure equivalent to 2.28 million SOL.
The Bitwise Solana ETF (BSOL) recorded $56 million net inflows on day one, signaling strong investor appetite.
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â ïž 2. Smaller Altcoin ETFs May âFade into Irrelevanceâ
Analysts warn that ETFs tied to smaller or niche coinsâlike Litecoin (LTC) and Hedera (HBAR)âwill likely struggle for traction.
Canary ETFs for HBAR and LTC saw modest inflows ($8M and $1M, respectively), underscoring weak initial demand.
K33 notes that the growing number of altcoin ETFs may oversaturate the market, leaving less popular tokens overlooked.
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đ§ 3. BlackRockâs Absence Matters
The âETF frenzyâ is happening without BlackRock, the dominant player in US crypto ETFs.
BlackRockâs focus remains on Bitcoin (IBIT) and Ethereum (ETHA), both of which have driven the bulk of institutional inflows.
Without BlackRockâs support, altcoin ETFs could see lower long-term inflows compared to BTC and ETH products.
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đ° 4. Context: Market Dynamics
As of late October 2025, US Bitcoin ETFs have amassed $26.86 billion in net inflows.
BlackRockâs IBIT alone accounts for $1.27 billion of that â highlighting its massive influence.
Analysts expect the âSolana narrativeâ to dominate the next wave of crypto ETF growth, with SOL possibly becoming the third major ETF pillar after BTC and ETH.
đ Analyst View: What It Means
For Investors: SOL ETFs could offer strong near-term upside and institutional credibility.
For Altcoins: Many mid- and low-cap projects may lose visibility as capital consolidates around âinstitutional-gradeâ assets (BTC, ETH, SOL).
For the Market: The rise of Solana ETFs marks a maturing phase in altcoin investing â but could widen the gap between top-tier and smaller crypto assets.
