Solana
Solana and XRP Spot ETF Asset Gap Narrows to $160 Million
Outflows from Solana funds have reduced the gap between US Solana and XRP spot funds to $160 million amid diverging capital flow trends.
Data from research firm SoSoValue indicates that US spot funds holding Solana managed approximately $1.73 billion as of October 12, compared to $1.57 billion held by American XRP funds. The $160 million difference between the two fund categories has narrowed primarily due to capital moving out of Solana products.
Solana funds registered net outflows on six out of seven trading days in early October, logging additions only on October 2. Over a broader multi-week period, spot funds holding Bitcoin, Ethereum, and Solana experienced combined net outflows of $1.248 billion.
In contrast, XRP funds recorded 13 consecutive weeks of net inflows, including $11.31 million in the week ending October 9. Despite the continuous weekly inflows, total XRP fund assets declined from $1.66 billion to $1.57 billion alongside broader token price declines.
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