Solana and XRP Futures-Based ETFs Hit $1 Billion Mark As Demand Soars

Solana and XRP are the latest top crypto coins to hit a new milestone in 2025. Recent market data reveals that the futures ETFs for SOL and XRP have cumulatively raised over $1 billion in capital since their initial launch earlier this year. 

This milestone follows rumors that the biggest asset manager in the world, BlackRock, has been considering filing a spot-based exchange-traded fund (ETF) for XRP and Solana.

Solana & XRP Futures ETFs Hit $1 Billion

The first spot futures for Solana and XRP were launched in March and April this year, respectively. In March, Volatility Shares introduced the market to the first-ever Solana futures ETF, whereas, in April, Teucrium debuted the first US-based XRP ETF.

While they recorded slow starts, recent data shared by the president of The ETF Store, Nate Geraci, reveals that the interest in these futures ETFs has been on the rise. Geraci, in a post on X, revealed that the futures-based Solana and XRP ETFs have received a cumulative inflow of over $1 billion since their launch.

According to the post, after recording under $100 million per month since April, demand shot up in July, where both futures ETFs saw each individually record approximately $350 million in capital inflows.

Demand for Regulated Exposure To Solana and XRP Soars

Geraci said those numbers include REX-Osprey Solana’s staking exchange-traded fund that has up to $150 million in assets under management. The ETF expert sees this performance as evidence that spot SOL and XRP ETFs will have high demand.

So far, there have been a number of applications for spot Solana ETFs, including filings from Grayscale, VanEck, Fidelity, and other top asset managers. On the same note, Grayscale, Bitwise, ProShares, 21Shares, among others, have applied to introduce a spot XRP ETF.

The settlement of the extended lawsuit between Ripple and U.S. SEC produced a new wave of regulatory clarity and investor confidence. With this major hurdle removed, institutional interest in XRP has surged and is expected to continue to increase, which could lead to more capital inflow.

Despite this, the SEC has yet to greenlight a spot ETF for Solana or XRP. Analysts, however, believe that it won’t take long before Solana and XRP both get spot ETFs thanks to the regulatory clarity and increasing demand for regulated exposure to these cryptocurrencies.

BlackRock Says No Filing for Spot XRP and Solana ETFs Made

The buzz in crypto circles, made up by analysts such as Nate Geraci, believes that BlackRock has been submitting applications for spot Solana and spot Ripple ETFs before an October 2025 deadline. These conversations have been fueled by the U.S. to become a global crypto hub.

However, according to a recent BlackRock update on The Block, the leading asset manager said it has no plans to file for a spot Solana or Ripple’s XRP ETF.

This is consistent with BlackRock being cautious, as evidenced in the previous statements made by company executives such as the CEO, Larry Fink and CIO, Samara Cohen. They both have stressed Bitcoin and Ethereum ETFs in the present.