Why XRP ETFs Are Pulling in More Money Than Solana ETFs Despite the Price Lag

Sam Daodu

Wed, May 20, 2026 at 10:49 AM EDT 5 min read

Quick Read

• XRP ETFs have accumulated $1.39 billion in cumulative inflows since their November 2025 launch, placing them ahead of Solana ETFs ($1.12 billion) by cumulative capital.

• Bloomberg Intelligence found that only 16% of XRP ETF assets were tied to 13F institutional filers at the end of Q4 2025, with the rest held by retail. However, Goldman Sachs fully exited its $154 million XRP ETF position in Q1 2026—alongside its entire Solana ETF book—meaning institutional participation in both products is now even lower than the Q4 numbers suggested.

• Solana’s monthly ETF inflows dropped from $419 million in November 2025 to $38.69 million in April 2026, but May has rebounded to $103 million, currently outpacing XRP’s $97 million for the month.

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XRP (CRYPTO: XRP) spot ETFs have pulled in $1.39 billion since launching in November 2025, while Solana (CRYPTO: SOL) spot ETFs have attracted $1.12 billion since their October 2025 debut.

That gap in ETF funding between the two cryptos has held even though XRP is down 39% from its July 2025 peak. Solana has also outperformed XRP on price for the most of this year. We looked at how institutional capital moves into both assets’ ETFs and what that means for the rest of the year.

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Why XRP ETFs Are Dominating Solana ETFs

XRP ETFs have pulled in $1.39 billion in cumulative inflows since November 2025, against Solana's $1.12 billion, which is a $270 million gap. XRP ETFs’ dominance has been fueled by these factors.

Sop XRP ETFs Inflow Streak Has Been More Consistent

XRP ETFs ran a 13-day stretch of positive net flows in early December 2025, surpassing Solana's $618.59 million cumulative inflow total in just 13 trading days. That early momentum established a pattern that has held into 2026..

XRP posted $81.6 million in April inflows along with a 14-day inflow streak, bringing year-to-date inflows to roughly $124 million by the end of April.

Solana added $38.69 million in April, less than half of XRP's monthly figure. Solana's monthly inflows dropped from $419 million in November 2025 to that $38.69 million April figure. But the trend is reversing in May as Solana has posted over $99 million after 19 trading days while XRP follows closely at $95 million.

Solana ETF Inflows Are Concentrated in One Fund—Bitwise's BSOL

Solana's ETF inflows are heavily concentrated in a single product. In its strongest recent week, Bitwise's BSOL accounted for $36 million of the category's $39.23 million in total inflows—roughly 92%.