Solana Surges Past XRP in ETF Inflows
Solana's popularity has surged in recent times, with its ETFs attracting more money than XRP. According to data from Sept. 28, Solana's daily net inflows reached $12.7 million, a whopping 300% higher than XRP's $3.96 million.
Over the past 30 days, Solana's ETFs have drawn in a total of $278.2 million, more than double XRP's $127.05 million. Although XRP still has higher cumulative net inflows at $1.8 billion compared to Solana's $1.62 billion, the gap is narrowing rapidly.
Solana has also taken the lead in terms of net assets, with its funds boasting $1.93 billion against XRP's $1.68 billion. Moreover, Solana has more listed ETFs at 9 compared to XRP's 5 and a larger market capitalization of $70.69 billion versus XRP's $95.47 billion.
Trading activity also favors Solana, with daily turnover reaching $90.43 million against XRP's $39.37 million. U.Today believes that this trend indicates institutional demand is shifting towards Solana. Price action has mirrored this trend as well, with Solana rising from the $75 range in early August to around $119.81.