An exchange-traded fund (ETF) linked to XRP outperformed Solana (SOL) in terms of assets under management in the Wall Street Marathon. This despite the fact that the Solana instrument debuted earlier.
XRP ETF Register $1.1 billion in assets under managementThis represents a $203 million advantage compared to the Solana ETF’s $898 million.
This advancement consolidates XRP as the digital asset with the greatest institutional uptake in this new generation of products. Almost two years after the launch of the Bitcoin (BTC) and Ether (ETH) ETF in 2024, cryptocurrencies have gained momentum.
According to a report from CriptoNoticias, there are currently eight Solana-focused ETFs on the market, which have been phased in since the end of October. Some of the fund managers include Franklin Templeton, Bitwise, and Grayscale. these signatures Accumulated 1.28% of total circulating supply of 532 million Solanas.
The five XRP ETFs on the market launched since November by the same major company have accumulated the equivalent of 0.98% of the cryptocurrency’s circulating supply. The total is 60 billion units.
The highlight is the speed of money flowing into the XRP fund. $1 billion arrived in just 22 business days. During this time, Solana companies have accumulated 711 million since the start of operations at the end of October.
The graph below shows capital flows into and out of the SOL ETF and XRP ETF on a daily basis.
Despite the entry of stock market capital; The prices of both assets have not responded to the increase.. Last week, XRP fell 7% and Solana fell 3.4%.
This discrepancy is due to the still limited size of these ETFs compared to the total capitalization of each asset. Situations in which direct influence on prices is limited.
