Solana ETF Reaches $1 Billion Threshold Amid XRP Staking Challenges

The Solana Staking ETF (BSOL) from Bitwise has reached $1 billion in assets under management, just 10 months after its launch. This milestone is significant because it highlights the growing interest in staking-backed products.

Bitwise CEO Hunter Horsley noted that only Bitcoin, Ethereum, and Solana ETFs have crossed the $1 billion mark so far. When someone suggested that this statistic looked biased against XRP, Horsley responded directly: 'I'm not! There's no $1B XRP ETF yet!'

This remark exposed a fundamental technological barrier for XRP. Unlike Solana, the XRP Ledger has no native staking at all.