US Altcoin ETF Market Sees Selective Demand

The US altcoin ETF market has seen a mixed trend recently, with some tokens experiencing fresh inflows while others remain stagnant. According to SoSoValue data, XRP spot ETFs recorded net inflows of $2.2 million on April 28, marking the restart of inflows after a previous session's pause.

Meanwhile, Avalanche (AVAX) spot ETFs continued their positive streak, recording net inflows of $221,410 for a second straight trading day. The AVAX ETF segment reported cumulative net inflows of $23.99 million and daily trading volume of $60,740.

Other altcoin funds, such as Solana (SOL) and Dogecoin (DOGE), remained largely flat, with no new inflows recorded. This selective demand suggests a cautious tone in the market, with investors being more discerning about which tokens to invest in.