Solana ETFs Surpass XRP in Asset Holdings
- Solana ETFs reached $1.91 billion in assets, surpassing XRP ETFs which hold $1.69 billion.
- Over eight consecutive days, Solana funds attracted $253.98 million compared to XRP’s $83.63 million.
- Solana ETF assets represent about 2.74% of its market cap, while XRP’s ETF penetration stands at only 1.79%.
- Market leader Bitwise holds the largest Solana and XRP ETFs with $1.22 billion and $621.9 million respectively.
The rapid increase in Solana ETF assets highlights a significant shift in investor preference towards Solana over XRP, despite XRP’s larger market capitalization. This trend is indicative of deeper institutional penetration for Solana as it continues to attract substantial inflows.
With Solana ETFs now leading in asset holdings, they are closing the gap on cumulative inflows against XRP products, signaling a potential change in market dynamics.(Source)
