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Solana ETF Falls Behind As XRP Collects More Cash—Here’s The Catalyst Driving The Split
TL;DR
XRP ETFs have attracted $1.39 billion since their launch, surpassing Solana's $1.12 billion despite Solana's stronger price performance. Regulatory and institutional factors are influencing this trend.
Key points
- XRP ETFs have attracted $1.39 billion since November 2025
- Solana ETFs have accumulated $1.12 billion since October
- XRP's ETF demand remains consistent despite price drawdown
- XRP ETFs had a 13-day streak of positive net flows
- Regulatory factors influence ETF inflows for XRP and Solana
XRP exchange-traded funds (ETFs) have pulled in more money than their Solana ETF counterparts even though SOL has largely outperformed XRP on price during much of the year. The difference, according to market expert Sam Daodu, appears to come down to what’s happening on the regulatory and institutional side.
Different Paths For XRP And Solana ETFs
Daodu highlighted that XRP ETFs have gathered $1.39 billion in cumulative inflows since their November 2025 launch. Solana ETFs, launched in October, have accumulated $1.12 billion over the same overall timeframe.
In other words, despite XRP entering a drawdown from its summer 2025 high and despite SOL’s relative price strength, XRP’s ETF flows have still landed ahead, with the inflow gap persisting at the cumulative level.
The pattern of ETF demand for XRP also looks particularly consistent. Daodu noted that XRP ETFs logged a 13-day streak of positive net flows in early December 2025, a run that came in ahead of Solana’s cumulative inflow total of $618.59 million within those 13 trading days.
Looking at more recent flow data, XRP reported $81.6 million in April inflows alongside a 14-day inflow streak. By the end of April, that put XRP’s year-to-date inflows at roughly $124 million.
Solana’s April inflows were far lower—$38.69 million, which is less than half of XRP’s April figure. Daodu also pointed out that Solana’s monthly inflows fell from $419 million in November 2025 to $38.69 million in April, suggesting a weaker stretch that only appears to be improving now.
That recovery is showing up in May. Solana has posted more than $99 million after 19 trading days, while XRP is close behind with roughly $95 million in the same period.
Even so, the larger story remains that XRP has maintained a steadier inflow profile relative to Solana, and Daodu believes there is a catalyst supporting that steadiness—one that Solana does not have.
Alpenglow Vs CLARITY Act
In Daodu’s view, the structural difference is the CLARITY Act. He argued that this is the “structural difference the price charts don’t show,” because a full Senate vote would help establish a clearer legal framework around issues that matter directly to regulated institutions.
Q&A
Why are XRP ETFs attracting more money than Solana ETFs?
XRP ETFs have pulled in more funds due to favorable regulatory and institutional conditions, despite Solana's price outperforming XRP.
What are the cumulative inflows for XRP and Solana ETFs?
XRP ETFs have accumulated $1.39 billion, while Solana ETFs have gathered $1.12 billion since their respective launches.
How long did XRP ETFs experience positive net flows?
XRP ETFs recorded a 13-day streak of positive net flows in early December 2025.
What is the price performance comparison between XRP and Solana?
While Solana has largely outperformed XRP in price during much of the year, XRP ETFs still lead in total inflows.
