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FIGR_HELOC $1.03 Solana ETF inflows beat XRP by over 300% in daily flows
U.S. Solana ETFs took in $12.70 million on September 28 while XRP products drew $3.96 million, and Solana fund assets now top XRP's.
Key takeaways
- Daily flows diverge. Solana funds drew $12.70 million on September 28, while XRP products brought in $3.96 million.
- Assets have flipped. Solana ETFs hold $1.93 billion in net assets, above the $1.68 billion held by XRP funds.
- XRP leads cumulatively. XRP's cumulative net inflows total $1.80 billion against $1.62 billion for Solana.
What happened
On September 28, U.S. daily net inflows into Solana funds reached $12.70 million, while XRP products collected $3.96 million. The report puts the gap at more than 300%, or about 3.2 times. Nine Solana ETFs are available against five XRP funds. Solana fund net assets now stand at $1.93 billion, ahead of the $1.68 billion held by XRP products.
The lead holds over a longer window. Solana ETFs collected $278.20 million over the last 30 days, compared with $127.05 million for XRP. On cumulative net inflows, XRP remains ahead at $1.80 billion against $1.62 billion for Solana, so XRP's overall lead is narrowing.
Why it matters
ETF flows are often treated as a proxy for institutional demand, and recent momentum sits with Solana. Solana products equal 2.72% of the token's market capitalization, more than XRP's 1.76%, even though XRP's market capitalization of $95.47 billion is higher than SOL's $70.69 billion.
Price action has moved with the flows. SOL cleared its 200-day moving average near $95 after rising from the $75 area in early August to about $119.81, and it set a local peak near $125 in September. The RSI sits near 60, which the report calls comfortably away from extreme territory. Solana's ETF footprint is still small next to Bitcoin's $107.82 billion and Ethereum's $17.69 billion.
What the data shows
- Daily value traded stood at $90.43 million for Solana products and $39.37 million for XRP.
- XRP spot ETFs absorbed $307.87 million in the third quarter of 2026: $27.29 million in July, $159.18 million in August and around $121.40 million so far in September.
- The Bitwise XRP ETF took in $177.94 million over three months and held $618.81 million, while the Franklin XRP ETF absorbed $90.64 million and held $439.07 million.
- XRP rose by over 45% in the third quarter, from around $1.04 on July 1 to $1.51 on September 30.
What is still unclear
- The two reports give slightly different totals for XRP fund assets: $1.68 billion in one and $1.69 billion in the other.
- Recent flows favor Solana while cumulative net inflows still favor XRP, so the two measures point in different directions.
- The report says the difference in assets under management and market share may grow further if SOL maintains support at $110 and inflows continue at this rate.
Questions readers ask
How big was the Solana ETF inflow on September 28?
U.S. Solana funds took in $12.70 million in daily net inflows, while XRP products brought in $3.96 million. The report describes that gap as more than 300%.
Do Solana ETFs hold more assets than XRP ETFs?
Yes. Solana funds hold $1.93 billion in net assets, above the $1.68 billion held by XRP funds, according to the report.
Which product still leads on cumulative inflows?
XRP, with $1.80 billion in cumulative net inflows against $1.62 billion for Solana.
How much did XRP spot ETFs attract in Q3 2026?
They absorbed $307.87 million over the quarter, with $27.29 million in July, $159.18 million in August and around $121.40 million so far in September.
