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Is the Canary ETF's HBAR and Litecoin attracting capital? Let's take a look at what the data says.
Yesterday (November 6th) there was an interesting phenomenon: Canary's HBAR Spot ETF received 1.11 million USD, and Litecoin's Spot ETF also received 640,000. Sounds like not much? Then let's take a look at the scale of these two.
The custodial assets on the HBAR side have now reached 62.99 million USD, accounting for only 0.92% of the total HBAR market value, but the inflow speed is quite good. On the LTC side, it is relatively quiet, with AUM only at 3.21 million USD, which is an even smaller proportion of the total LTC market value (0.05%).
What does this indicate? Institutions are clearly more interested in HBAR than LTC, or we can say that HBAR's ETF products are more popular. In terms of net inflow, HBAR's ability to attract capital is nearly twice that of LTC. In this round of altcoin rotation, it seems that the market is still selectively choosing tracks.
Which one do you think is good?