US Crypto ETF Expansion: Solana, XRP, Litecoin, HBAR in Focus Amid Institutional Interest

• Spot Bitcoin ETFs in the U.S. marked their first anniversary with over $35 billion in inflows and 1.13 million BTC in assets under management.

• The US crypto market anticipates new ETFs for assets like XRP, SOL, LTC, and HBAR in 2025.

One year after the first US Bitcoin ETFs debuted, the products have proven popular, attracting over $35 billion in cumulative inflows and amassing $1.13m BTC in assets under management (AUM). BlackRock emerged as the biggest fund manager, with AUM at $37.85 billion. Fidelity came in second place with $12.14 billion, while Ark and Bitwise crossed the $2 billion mark. Smaller issuers came in at between $200 million and $800 million.

The most successful were BlackRock’s IBIT and Fidelity’s FBTC, which attracted $15 billion and $8 billion, respectively, in the first three months of their offering. Due to new investments, existing positions, and the appreciation of Bitcoin’s price, the aggregate net asset of all Bitcoin ETFs rose to $107 billion.

The approval of Bitcoin ETFs has led to rumors that more ETFs focus on the cryptocurrency market. Analysts expect that about $35 billion could inflow from Bitcoin ETFs in 2025 as more and more investors trust the cryptocurrency and institutions embrace it. This has paved the way for the possibilities of other crypto ETFs, such as those that are based on XRP and Solana.

As the market expects new crypto ETFs, current Bitcoin and Ether ETFs witnessed massive withdrawals this week. Spot Bitcoin ETFs had $568.8M worth of outflows, and Fidelity’s FBTC had the largest share, $258.7M. Ark’s ARKB was the second, with $148.3 million in withdrawals.

When these ETFs were launched in 2024, Bitcoin’s price was around $46,000, and it has been rising since then. In the past year, Bitcoin has been trading between $91,000 and $102,000, marking high market demand and a constant upward trend.

Next Wave of Crypto ETFs Expected

It is reported that there are 16 applications to launch new crypto ETFs are pending. Institutions like VanEck, Canary Capital, and 21Shares have proposed to launch funds that will track base assets, including XRP, Solana, Litecoin (LTC), and Hedera Hashgraph (HBAR). These shifts in the regulatory environment are expected to cause this wave.

Paul Atkins, who might be appointed as the SEC Chair by Donald Trump’s presidential transition, could bring about a positive change in the regulation of cryptocurrencies. Gary Gensler’s approach during his time at the SEC was rather conservative. However, the approval of the Spot Bitcoin ETFs only happened last year. Less stringent laws could also help authorize these innovative new ETFs.

The rally around the new crypto ETFs has affected the sentiment of the market on XRP and Solana. At the time of writing, the price of XRP was $2.28, which was 1.76% on the last day. Also, the trading volume has decreased by 25.90%, indicating that the investors are not very active in the market. 

Likewise, Solana (SOL) is at $186.20 with 0.52% growth, yet its trading volume shrank by 7.21%. The Open Interest patterns for both tokens depict market instability. XRP, however, rose only by 0.39%, while Solana’s Open Interest went down by 2.15%.