Solana ETFs Overtake XRP in Assets as Monthly Inflows More Than Double

What to Know

• Solana ETFs attracted $278.20 million over 30 days, more than doubling XRP’s inflows while overtaking its funds in net assets.
• XRP retains a $180 million cumulative inflow lead, although Solana funds command greater trading activity and broader listed product availability.
• SOL’s rising moving averages support its recovery, although easing volume and a retreat from $125 indicate that momentum has cooled.

 

Solana exchange traded funds have overtaken XRP products in net assets, supported by stronger daily and monthly investor inflows. However, XRP retains its lead in cumulative net inflows, creating a split between historical deposits and recent fund demand.

According to SoSoValue, U.S. Solana ETFs attracted $12.70 million on September 28 against XRP’s $3.96 million, approximately 3.2 times as much. Moreover, the difference extends beyond one trading session, with Solana funds collecting $278.20 million over the preceding 30 days. XRP products attracted $127.05 million during the same period, leaving Solana ahead by $151.15 million in monthly net inflows.

Nevertheless, cumulative deposits still favor XRP, whose funds have gathered $1.80 billion compared with Solana’s total of $1.62 billion. Consequently, XRP maintains a $180 million advantage, although Solana’s stronger monthly inflows demonstrate greater demand across the reported period.

Meanwhile, Solana funds hold $1.93 billion in net assets, exceeding the $1.68 billion held by XRP products by $250 million. Net assets reflect changes in underlying holdings alongside investor flows, making this measure distinct from cumulative deposits into funds.

Additionally, investors have nine Solana ETFs available compared with five XRP products, providing a broader selection of listed SOL funds. Daily trading value also favors Solana, with its ETFs recording $90.43 million against the $39.37 million registered by XRP products.

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Solana’s ETF Footprint Expands Despite XRP’s Larger Market Capitalization

Despite trailing XRP in token market capitalization, Solana commands a larger ETF asset base relative to its underlying market value. XRP’s market capitalization stands at $95.47 billion, exceeding Solana’s $70.69 billion, while the fund comparison points in the opposite direction.

Solana ETF assets represent approximately 2.72% of SOL’s market capitalization, whereas XRP funds account for around 1.76% of XRP’s value. Hence, Solana’s advantage extends beyond absolute fund assets, with ETF holdings representing a larger share of its token market.

Alongside stronger fund inflows, SOL advanced from around $75 in early August to approximately $119.81 in the reported chart. During that recovery, the token crossed its 200-day moving average near $95 before reaching a September peak around $125.

Furthermore, its 50-day moving average stands above the 200-day average, while both indicators rise and support the broader upward trend. However, the retreat from $125 and easing trading volume indicate cooling momentum, despite SOL retaining much of its earlier advance.

Meanwhile, the relative strength index sits near 60, placing momentum below levels commonly associated with an extremely overbought trading environment. Although rising prices accompanied stronger ETF demand, the available figures do not establish whether fund inflows directly caused SOL’s recovery.

Solana leads XRP in recent inflows, trading activity and net assets, while XRP retains its advantage in cumulative investor deposits. Together, these figures show stronger recent demand for Solana funds without establishing that they have surpassed XRP across every measure.

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