Solana and Hyperliquid ETFs Claim Nearly 80% of Altcoin ETF Trading Volume

SOL-0.98%
HYPE-6.09%
BTC2.03%
ETH1.35%
According to The Block, Solana and Hyperliquid ETFs have captured nearly 80% of non-Bitcoin and non-Ethereum ETF trading volume as of today, July 22. Solana's ETF holds $904 million in assets under management, while Hyperliquid's ETF, which launched just two months ago, has attracted $350 million in net inflows. The two assets each represent approximately 2% of their respective token market capitalizations, compared to Bitcoin ETF's 9% penetration, indicating room for altcoin ETF growth.
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