Solana ETFs find institutional backing while XRP funds depend more on retail

Solana and XRP ETFs are experiencing investor interest despite recent declines in crypto prices, but they are attracting different types of buyers. Solana ETFs are seeing significant participation from institutional crypto investors, with approximately 49% of assets held by investment advisors and hedge funds as of December 31st. This suggests a growing, though still developing, institutional base. XRP ETFs, however, appear to rely more heavily on retail demand, with only about 16% of assets identifiable through institutional filings. Despite this difference, XRP ETFs have also gathered substantial assets, exceeding $1.4 billion since launch. The findings indicate that newer crypto ETFs are establishing distinct investor bases, with Solana appealing to crypto-native institutions and XRP attracting a larger share of individual investors.

(Source：CoinDesk)