金色财经|Oct 29, 2025 05:37
[K33: Spot Solana ETF Will Attract Capital Inflows, Smaller Altcoin Funds May 'Gradually Lose Influence']
According to a report by K33, there may be strong demand for the Solana ETF after its listing, while other altcoin ETFs, without the involvement of BlackRock, may face weaker capital inflows.
The K33 analyst team, led by Vetle Lunde, stated in a report released on Tuesday that the spot SOL ETF is expected to attract significant capital inflows, and signs of investor demand are already very evident.
Analysts pointed out that the potential capital inflows into Solana funds can already be observed from the sustained demand for the 2x leveraged long SOL ETF launched by VolatilityShares — this fund currently holds an exposure equivalent to approximately 2.28 million SOL.
Meanwhile, other issuers are also preparing to launch more altcoin ETFs. For example, Canary's Litecoin (LTC) and Hedera (HBAR) related ETFs were listed on Tuesday.
Lunde cautioned that in an increasingly crowded market, these smaller, less well-known altcoin ETFs may struggle to attract sufficient attention. 'We expect demand for different ETFs to diverge,' the analysts wrote in the report, adding that in a competitive environment where dozens of other altcoin ETFs are being launched, some altcoin funds may 'become irrelevant.'
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