Solana ETFs Surpass XRP by Over 300% in Unexpected Shift

Despite having a lower market capitalization than XRP, Solana (SOL) ETFs have surpassed their XRP counterparts by a significant margin. According to recent data, on September 28th, U.S. daily net inflows into Solana funds totaled $12.70 million, while XRP products brought in only $3.96 million, marking more than a 300% difference.

The lead is consistent over time, with Solana's inflows more than doubling those of XRP over the last 30 days. During this period, Solana ETFs collected $278.20 million compared to $127.05 million for XRP. The cumulative net inflows for Solana and XRP are $1.62 billion and $1.80 billion respectively, indicating that XRP's lead is rapidly diminishing.

Additionally, Solana funds now hold $1.93 billion in assets under management, surpassing the $1.68 billion held by XRP. Despite this, XRP has a higher market capitalization of $95.47 billion compared to Solana's $70.69 billion. However, Solana products make up 2.72% of its token's market capitalization, significantly more than XRP's 1.76%. Daily value traded stood at $39.37 million for XRP and $90.43 million for Solana.