K33: The spot Solana ETF will attract inflows, while smaller altcoin funds may "gradually lose influence."

ccording to the latest report from K33, there may be strong demand for the Solana ETF after listing, while other altcoin ETFs may face weaker fund inflows without BlackRock's participation.

The analyst team at K33 (led by Vetle Lunde) stated in a report released on Tuesday that the spot SOL ETF is expected to attract a large amount of fund inflows, and signs of investor demand are already very clear.

Analysts pointed out that potential fund inflows into Solana funds can already be seen from the continuous demand for the 2x long SOL leverage ETF introduced by VolatilityShares - which currently has an equivalent exposure of about 2.28 million SOL.

Meanwhile, other issuers are also preparing to launch more altcoin ETFs. For example, Canary launched Litecoin (LTC) and Hedera (HBAR) related ETFs that were listed on Tuesday.

Lunde warned that in an increasingly crowded market, these smaller-scale, less well-known altcoin ETFs may struggle to attract enough attention. "We expect demand for different ETFs to diverge," the analyst wrote in the report, adding that in a competitive environment with dozens of other altcoin ETFs being launched, some altcoin funds may become "irrelevant."