Two new altcoin ETFs, Solana (SOL) and XRP, continue to attract inflows while spot Bitcoin and Ether ETFs see record outflows. Solana ETFs have amassed nearly $500 million in net inflows, while XRP ETFs have received $410 million to date. This divergence signals investor interest beyond the major assets.

Bitwise Asset Management launched its XRP ETF, pulling in $118 million in total inflows on the first day. Canary’s XRPC added $12.8 million. The consistent inflows into XRP ETFs, including a record $243 million inflow day, contribute to the resilience of these altcoin products amid market stress.

Despite the success of SOL and XRP ETFs, the underlying assets have seen poor performance. Solana has declined by 32.5% in the past month, trading at $122.94, a 52.3% drop in the last year. XRP, trading at $1.86, has declined by 21.2% in the last 30 days but shows a 49.9% increase over the past year.

Read more at Cointelegraph: Solana and XRP ETFs Defy Outflows as Markets Face Heavy Outflows