While major crypto ETFs like Bitcoin and Ether face significant redemptions, Solana (SOL) and XRP ETFs are witnessing considerable optimism. Even in the face of a broader market downturn, the SOL and XRP ETFs have not seen a single day of outflows since their launch, as noted by the crypto data aggregator SoSoValue.

The inflows into these ETFs have been impressive: reports show that Solana-based ETFs have attracted nearly $500 million, while XRP ETFs have accrued approximately $410 million.

Solana ETF inflows in November. Source: Farside Investors

Launch of XRP and Solana ETFs Brings High Inflows

Recently, Bitwise Asset Management successfully launched its XRP ETF, raising $105 million on its first trading day. In total, the ETF captured $118 million that day. Canary’s XRPC also showed strong performance with impressive inflows.

XRP ETF Performance Source: Steven McClurg

The XRP ETF has seen consistency and record inflows, with another ETF, XRPC, holding the record for the largest inflow day at $243 million.

Despite positive ETF trends, the actual cryptocurrencies behind these funds are facing declines. Solana has dropped by 32.5% recently, and XRP has similarly decreased by over 20%. In contrast, XRP has seen a yearly increase of 49.9%, currently trading at $1.86.