The crypto exchange-traded funds (ETFs) market continues to smash records, with unprecedented demand recorded in the past couple of months.
Futures-based Solana (SOL) and XRP ETFs, for instance, have seen over $1 billion in total inflows since their debut in March and April, respectively, as suggested by recent data provided by FactSet.
The milestone comes just months after the funds’ debut in the U.S., as speculations about a potential BlackRock XRP ETF continue to mount.
Crypto futures ETFs beat all expectations
The first U.S. Solana futures ETF was launched by Volatility Shares in March. XRP made its way to the market a month later, with Teucrium’s 2x leveraged fund, followed by Volatility’s non-leveraged futures product in May. In July, both assets saw around $350 million in inflows.
Recently, ETF Store president Nate Geraci argued that strong futures demand could lead to BlackRock vying for a share of the market, despite the fund’s denial of any such plans.
Whatever the case may be, swift capital accumulation and ten-digit milestones do indeed signal sustained investor appetite for diversified crypto exposure beyond Bitcoin (BTC) and Ethereum (ETH).
Geraci further noted that the figures also factor in REX-Osprey’s Solana staking ETF, which has amassed $150 million in assets under management (AUM). The momentum, he argued, suggests strong demand for eventual spot SOL and XRP ETFs.
“And I’m being told BlackRock doesn’t want a piece of this? Ok.” Geraci wrote on X.
Bloomberg Senior ETF analyst Eric Balchunas also weighed in on the discussion, asking Geraci where he would “draw the line” on launching crypto ETFs and questioning whether an XRP ETF alone would suffice or if funds like BlackRock would rather explore other alternatives, such as Tron (TRX).
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