Altcoin ETFs are gaining traction. | Credit: Joel Kowsky/NASA via Getty Images.
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Key Takeaways
Canary’s HBAR ETF inflows have outpaced its Litecoin fund.
HBAR and LTC tokens are trading down in the past 24 hours.
Solana ETFs command $439.97 million in total net assets.
After a quiet debut on major stock exchanges, the Canary Capital’s spot Hedera (HBAR) and Litecoin (LTC) exchange-traded funds (ETFs) are finally seeing some action.
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Launched on Oct. 28, 2025, Canary’s HBAR ETF (HBR) saw just $2.2 million in the two days of trading, a lackluster result for the fund.
However, on Oct. 30, HBR inflows skyrocketed to $29.9 million, bringing its cumulative net inflows to $32.11 million and commanding $33.05 million in net assets.
Canary’s HBAR ETF flows. | Source: SoSoValue.
Anticipation around the altcoin ETF launch fueled bullish price action for the HBAR token, which has seen an increase of 12.7% in the past week.
However, momentum has waned, and the token is now trading down 6.56% in the past 24 hours at $0.19.
Canary’s Litecoin ETF (LTCC) has, curiously, seen little action in comparison.
On Oct. 29, LTCC pulled $485,810 in net inflows, and saw zero flows either way on Oct. 30 despite seeing roughly $513,150 in value traded.
LTCC currently commands $1.34 million in net assets.
Niche investor interest has done little to drive the LTC token upward.
At present, LTC is trading down 2.63% in the past 24 hours at $94.37, and down 1.11% in the past 7 days.
Solana Funds Wane
Two Solana ETFs began trading on Oct. 28, Bitwise’s Solana Staking ETF (BSOL), and Grayscale’s Solana Trust (GSOL).
Solana ETF flows. | Source: SoSoValue.
After making a debut with $69.45 million in daily net inflows, investors have since pulled back significantly, as the daily inflows tallied $47.94 million on Oct. 29, and then $37.33 million on Oct. 30.
So far, BSOL is the leading fund with $152.54 million in cumulative net inflows and $343.78 million in net assets.
Multiple altcoin ETFs have launched in recent weeks, and the overtly bearish conditions weighing down on the market may be the reason behind the muted inflow figures.
Eddie is a gaming and crypto writer at CCN. Covering the often weird and wonderful world of Web3 with an adoring, but skeptical eye.
Prior to CCN, Eddie has spent the past seven years working his way through the crypto, finance, and technology industry. He began with PR and journalism with Bitcoin PR Buzz and BitcoinNews.com, eventually working his way to become a copywriter with a dozen firms, including the likes of Polkadot before returning to journalism in 2023.
Having studied Radio production and journalism at University in the UK, Eddie spent a few years making podcasts and presenting on a local London radio station as he built up his writing chops.
A lifelong skateboarder, Eddie can often be found at the skatepark or touring the streets looking for something new to try. That, or kicking back playing JRPGs on his original PSP.
