Institutions drive SOL ETFs while retail investors lead XRP ETFs

Solana ETFs are primarily driven by institutional demand, whereas XRP ETFs are favored by retail investors, according to a report from Bloomberg Intelligence analysts James Seyffart and Sharoon Francis. The report shows that as of Dec. 31 of last year, institutions required to file 13F reports, such as hedge funds, accounted for 49% of holdings in U.S. Solana ETFs. In contrast, institutional ownership in XRP ETFs was only about 16%.