Solana ETFs have pulled ahead of XRP funds in total net assets, reaching $1.91 billion after eight straight days of inflows. The shift stands out because Solana's market capitalization remains smaller than XRP's, yet its ETF complex now commands a larger share of the token's value.
Solana Funds Pull Ahead After Eight-Day Inflow Streak
Solana ETFs first surpassed XRP products in total net assets on Sept. 17, ending the day with $1.42 billion compared with $1.39 billion for XRP ETFs, according to data from Sosovalue. Since then, Solana funds have attracted $253.98 million across eight consecutive inflow days.
That pace, paired with an upward price swing across most of the crypto market in recent weeks, lifted total net assets on SOL ETFs to $1.91 billion as of Oct. 1. XRP ETFs brought in $83.63 million over the same period, taking their assets to $1.69 billion. Over the past 30 days, Solana ETFs attracted $255.51 million, more than twice the $111.09 million recorded by XRP products.
SOL Price Outpaces XRP During the Surge
The fund flows have coincided with a stronger move in SOL itself. Solana's price climbed from about $97 to $122, a gain of roughly 25.8% over the period. XRP's price rose from $1.29 to $1.53, an increase of about 18.6%.
That does not prove ETF demand caused the price moves, but it strengthens the picture of broader momentum around Solana.
Solana's ETF Penetration Runs Deeper Than XRP's
As of Oct. 2, XRP carried a market cap of roughly $96.94 billion, compared with $71.77 billion for Solana. Yet Solana ETF assets represent about 2.74% of SOL's market cap, versus just 1.79% for XRP, making its institutional penetration deeper despite the smaller valuation.
Solana is also closing in on XRP in cumulative inflows: SOL ETFs have attracted about $1.61 billion, compared with $1.79 billion for XRP products.
Bitwise Leads Both ETF Categories
Bitwise's BSOL fund holds about $1.22 billion in net assets, the largest Solana ETF by a wide margin. Its XRP product is also the largest in that category, with approximately $621.9 million in net assets.
Solana has moved from trailing XRP to leading in assets, dominating recent inflows even as it commands a much larger share of its underlying token's market value. If the gap in flows persists, the cumulative inflow race could be next.
Source: Bitcoin News
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