Futures-Based SOL & XRP ETFs Take In $1 Billion Capital Since Launch — Spot ETFs Next?

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The cryptocurrency industry has been about hitting new milestones in 2025, with the futures-based Solana and XRP ETFs (exchange-traded funds) among the latest to reach new achievements. According to the latest market data, the SOL and XRP ETFs have reached $1 billion in total capital inflows since their launch earlier. This feat comes on the back of rumors that the world’s largest asset manager, BlackRock, might look to launch a spot XRP-based exchange-traded fund.

SOL & XRP Futures ETFs Hit New Milestone

In an August 9 post on the X platform, the president of The ETF Store, Nate Geraci, revealed that the futures-based Solana and XRP ETFs have attracted over $1 billion in capital since launch. These crypto-linked investment products started trading in the United States about five months ago—around March (for SOL ETF) and April (for XRP).

For context, futures-based exchange-traded funds are a type of investment product that holds the futures contracts of an asset. A futures contract is a financial instrument that allows an investor to buy an asset at a predetermined price on a predetermined date.

In March 2025, Volatility Shares launched the first-ever Solana exchange-traded funds in the United States. The firm rolled out two products at the time: Volatility Shares’ Solana fund, which replicates the performance of Solana futures, and the 2x SOL ETF that offers double-leveraged exposure.

While Teucrium launched the first US-based XRP ETF (a 2x leveraged fund) in April, Volatility Shares offered the first non-leveraged futures-based XRP exchange-traded fund in May. As shown in the chart below, both the SOL and XRP ETFs had posted only modest monthly performances up until July—where they each posted approximately $350 million in capital inflows.

Source: @NateGeraci on X

Geraci noted that these figures include REX-Osprey’s Solana staking exchange-traded fund, which boasts up to $150 million in assets under management. According to the ETF expert, this performance proves that there will be demand for spot SOL and XRP ETFs.

Expert Doubles Down On BlackRock’s Application For SOL And XRP ETFs

It is worth mentioning that a slew of applications from various asset managers are awaiting approval from the United States Securities and Exchange Commission (SEC) to launch Solana and XRP ETFs. As reported by Bitcoinist, BlackRock has indicated that it currently has no plans to join the race for spot Solana and XRP ETFs. 

In a second post on X, Geraci reiterated his belief that BlackRock would be looking to expand its crypto ETF portfolio. “And I’m being told BlackRock doesn’t want a piece of this?” the ETF expert said, referring to the attention being enjoyed by the future-based version of the XRP exchange-traded fund.

The price of XRP on the daily timeframe | Source: XRPUSDT chart on TradingView

Featured image from Pexels, chart from TradingView

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