The post Solana ETFs find institutional backing while XRP funds depend more on retail appeared on BitcoinEthereumNews.com.

U.S. exchange-traded funds tied to Solana (SOL) and XRP (XRP) are attracting investors despite falling crypto prices, though the two products are drawing very different types of buyers. Solana ETFs are seeing stronger participation from institutional crypto investors, while XRP funds appear to rely more heavily on retail demand, according to a new report from Bloomberg Intelligence analysts James Seyffart and Sharoon Francis. “Early Solana ETF demand is being driven largely by industry-native capital rather than broader institutional adoption,” the analysts wrote about Solana ETFs. About 49% of assets in U.S. spot Solana ETFs were identifiable through 13F filings as of Dec. 31, a regulatory disclosure required for large institutional investment managers. Investment advisers accounted for the largest share of reported holdings, with roughly $270 million in exposure. Hedge funds followed with about $186 million. “The early holder base remains top-heavy and skewed toward crypto-focused investment firms and market makers, suggesting broader institutional participation is still building,” the analysts wrote. The largest known holders include Electric Capital, Goldman Sachs and Elequin Capital. Solana is a blockchain network designed to support decentralized applications such as trading platforms, lending services and NFT marketplaces. The network aims to process transactions quickly and cheaply, making it a popular platform for crypto trading and decentralized finance. Some of the initial capital likely reflects investors shifting existing Solana exposure into the ETF structure rather than entirely new buying. Still, the data suggests that does not explain the full picture. Because about half of the ETF assets are disclosed through 13F filings, even assuming those positions represented swapped exposure would leave a significant share of inflows coming from new buyers. Solana ETFs have attracted $173 million in net inflows so far in 2026, even as the token has fallen sharply. The report notes that cumulative inflows into…

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Filed under: News - @ March 10, 2026 9:28 pm