Solana (SOL-USD) and XRP (XRP-USD) ETFs have emerged as rare pockets of strength in a crypto market that’s otherwise bleeding red. While spot Bitcoin and Ether ETFs are enduring some of their heaviest redemption days since launch, the two new altcoin products are attracting close to $900 million in combined inflows, according to SoSoValue. It’s an unusual divergence that’s quickly becoming one of the more surprising dynamics in an otherwise fear-driven landscape.
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Solana and XRP ETFs Keep Pulling in New Money Despite Market Stress
Since hitting the market, Solana ETFs have taken in nearly $500 million, and XRP ETFs have drawn around $410 million. What sets them apart is that neither has recorded even a single outflow day. In a period defined by redemptions everywhere else, the consistency is striking.
XRP’s momentum accelerated when Bitwise launched its ETF under the ticker “XRP,” immediately grabbing $105 million on the first trading day. Canary’s competing fund, XRPC, added another $12.8 million that same day, bringing total XRP ETF inflows to $118 million. Canary has been a significant force behind this trend and still holds the record for the biggest single XRP ETF inflow day, after pulling in $243 million on Nov. 14.
Solana-based ETFs have followed a similar pattern. Throughout the week, they gathered steady inflows ranging between $8.26 million and $55.61 million per day, with Nov. 19 standing out as the most active session. Even as the broader crypto market saw capitulation, investors kept allocating new capital to SOL products.
Tokens Stay Under Pressure Even as ETFs Strengthen
Despite the resilience of their ETFs, both underlying assets are posting sharp declines. Solana has dropped roughly 32.5% over the past month and nearly 11% in just the last week, now trading around $122.94. The token’s one-year performance is still firmly negative, sitting more than 52% below where it stood a year ago.
XRP hasn’t fared much better in the near term, falling 21.2% over the past month and 16.6% on the week. However, its longer-term performance paints a different picture. XRP currently trades around $1.86, which marks a 49.9% climb over the past year despite the recent pullback.
Altogether, the combination of weakening token prices and steadfast ETF inflows hints at something deeper. While fear dominates Bitcoin and Ether ETF positioning, allocators are quietly building exposure to altcoins. Whether this represents an early rotation, a hunt for relative value, or simply investors diversifying into new regulated vehicles, Solana and XRP are emerging as two of the very few bright spots in a stressed market.
Investors should stay informed by tracking the prices of their favorite cryptos on the TipRanks Cryptocurrency Center. Click on the image below to find out more.
