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Solana ETFs Lose $27.69 Million for Fourth Straight Session

Zcash, XRP and Hyperliquid funds attracted money, while nine other altcoin ETF groups recorded no net flows.

Updated 2 min read
A pedestrian checks a smartphone outside the New York Stock Exchange on Wall Street. / TokenPost.ai (mono)
A pedestrian checks a smartphone outside the New York Stock Exchange on Wall Street. / TokenPost.ai (mono)

Spot altcoin exchange-traded funds (ETFs) moved in opposite directions Thursday, Oct. 29, as Solana products lost $27.69 million for a fourth session in a row while three other groups gained, SoSoValue data showed.

Zcash funds had the largest increase, taking in $14.81 million. XRP ETFs gained $8.43 million, while Hyperliquid products received $3.70 million.

Franklin’s XRPZ accounted for $5.57 million of the XRP total, and Bitwise XRP brought in the remaining $2.86 million. Bitwise’s BHYP supplied the full net inflow to Hyperliquid products, which include three funds. The Grayscale Zcash ETF, or ZCSH, extended its run of net inflows to eight sessions.

Only two of the nine Solana funds had withdrawals: Grayscale’s GSOL lost $4.01 million, and Bitwise’s BSOL shed $23.68 million. Across the Solana group, cumulative net inflows stood at $1.48 billion, while net assets totaled $1.50 billion.

The XRP group had $1.82 billion in cumulative inflows and $1.47 billion in net assets. Hyperliquid products had cumulative inflows of $308.62 million and net assets of $467.88 million. For Zcash funds, the figures were $226.08 million and $787.66 million, respectively, SoSoValue data showed.

Funds tracking Dogecoin (DOGE), Chainlink (LINK), Avalanche (AVAX), Hedera (HBAR), Litecoin (LTC), Polkadot (DOT), BNB, TRON (TRX) and NEAR Protocol (NEAR) reported no net flows. The flat result marked a ninth consecutive session for Chainlink funds, a 14th for Avalanche products, a 10th for Polkadot and a 32nd for TRON products.

In the previous session, Zcash funds added $2.07 million and Solana funds lost $5.66 million, according to SoSoValue data in the Oct. 28 flow report.

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