While most investors have been focused on spot Bitcoin and Ethereum exchange-traded funds, altcoin ETFs have continued to fly under most people's radar. Solana and Hyperliquid ETFs have combined to account for nearly 80% of non-BTC and ETH ETF volume, with Hyperliquid ETFs having launched only two months ago.
Solana (SOL) ETFs boast an impressive $904 million AUM, while the Hyperliquid (HYPE) suite has managed to attract $350 million in net inflows. Both figures represent approximately 2% of each token's market cap.
Bitcoin, by comparison, has nearly 9% of its market cap held in ETF products. The gap suggests that altcoin ETFs may benefit further as they gain investor acceptance.
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Alternatively, this could be reflected in Bitcoin's nearly two-year head start rather than a ceiling that alts are guaranteed to close.
