Bloomberg Intel Shows Five Spot Altcoin ETFs Set to List Soon as Bitcoin Loses Capital

Intelligence data from Bloomberg shows that five spot altcoin ETFs are expected to list over the next six days as major altcoins like ETH, SOL, and XRP experience positive capital flows.

Following the recent launch of the Fidelity Solana Fund and the Canary Marinade Solana ETF, five more altcoin ETFs are expected to debut in early December, including the Grayscale Dogecoin ETF, the Grayscale XRP Trust, the Franklin XRP ETF, the Bitwise DOGE ETF, and theand Grayscale Chainlink Trust.

Eric Balchunas, senior ETF analyst at Bloomberg, said that beyond the five spot ETFs, he expects a steady supply, likely above 100, in the next six months.

Expert ETF analyst James Seyffart added that he is monitoring over 150 ETFs that have yet to launch and expects many spot and leveraged altcoin products to flood the market soon.

“Starting with Solana, there will be a massive flow of altcoin ETFs into the market, and we have already seen around four XRP ETFs approved that are already making numbers within the first month of launch,” said Seyffart.

Bitcoin Bleeds $151M as Top Altcoin ETFs Capture $318M

Data from SosoValue shows that while altcoin ETFs are gaining momentum, US BTC spot ETFs are now experiencing negative flows.

Over the past 24 hours, Bitcoin spot ETFs saw -$151.08 million in daily net inflows, while ETH, XRP, and SOL spot ETFs posted +$96.6 million, +$164.04 million, and +$57.99 million, respectively.

Matthew Sigel, VanEck’s head of digital assets research, noted that Bitcoin’s selloff was largely a sessional phenomenon in the United States, driven by tightening liquidity and widening credit spreads as AI investment fears collided with a fragile funding market.

However, Matt Hougan, CIO of Bitwise, believes that capital flight from Bitcoin creates opportunities for altcoins to better capture the effects of their network value.

“Tokens are becoming better able to capture value. I will cover three examples: UNI, ETH and XRP,” Hougan said.

He highlighted ETH’s upcoming Fusaka upgrade in December, which increases token value capture.

“Specifically, the upcoming Fusaka upgrade (estimated in December) significantly increases token value capture. Surprisingly, almost no one is talking about it.”

He also observed investor appetite for other altcoins like XRP. According to him, there is also an increasing focus on capturing value in XRP.

“The community is starting to consider ideas such as staking, which would change the economic situation of token holders.” he added.

Analyst predicts $3,200 ETH, $3 XRP, and $150 SOL in year-end rally

Ray Youssef, founder and CEO of crypto superapp NoOnes, told Cryptonews that ETFs create a constant entry channel that can serve as a liquidity buffer and help absorb recent selling pressure.

“We are already seeing early signs of this with the Solana ETFs which are bucking the outflow trend seen in Bitcoin ETFs, which has seen them bleed billions of dollars.” he said.

Youssef added that US XRP ETFs also recorded six consecutive days of inflows exceeding $420 million, including over $250 million on the first trading day, which is the the best ETF debut daytime performance observed this year.

“The start of the altcoin ETF season means that, for the first time, retail and institutional investors can benefit from brokerage-integrated exposure to a diverse set of high-beta altcoins at scale.” he added.

While warning of an immediate trend reversal due to the fragile macroeconomic environment, Youssef believes that ETF dynamics reinforce selective exposure to altcoins.

This could lead the altcoin market towards further price discoveries once Bitcoin stabilizes.

He predicted that “Altcoin ETF Season Momentum Could Spark Year-End Rally, With Ether Returning Above $3,200XRP reaching $3and Solana recovers $150provided that demand for ETFs is sustainable and macroeconomic volatility continues to ease.

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