SOL ETF Surges Past XRP by 300% as Institutional Appetite Shifts
The Solana (SOL) ETF has seen significant growth in recent weeks, outpacing XRP by over 300% in terms of daily net inflows. On September 28, SOL funds collected $12.70 million in new investments, while XRP products brought in $3.96 million.
Over the last 30 days, Solana's ETFs have more than doubled the inflows of XRP, with a total of $278.20 million compared to $127.05 million for XRP. This trend is also reflected in net assets, with Solana funds now holding $1.93 billion, surpassing the $1.68 billion held by XRP.
The shift towards SOL can be seen in market capitalization as well, with SOL products making up 2.72% of the token's market cap compared to XRP's 1.76%. Daily value traded also favors Solana, standing at $90.43 million versus $39.37 million for XRP.
Solana's price action has also been strong, clearing its 200-day moving average around $95 and reaching a local peak near $125 in September.