XRP or Solana: Which ETF Is Really Winning? The Answer Is 'Very Simple,' Bitwise CIO Says

XRP (CRYPTO: XRP) ETF net assets grew 80% throughout Q3 to an all-time high of $1.77 billion, and Bitwise CIO Matt Hougan says the appeal behind that growth comes down to two simple factors.

Why Hougan Says XRP Wins Over Advisers

Hougan on Monday told Token Relations that XRP appeals to financial advisers for straightforward reasons. 

First, advisers trust XRP isn’t going away, since many look at crypto broadly and question whether it will persist, while XRP carries an enormous track record that eases that concern.

Second, XRP fits into real-world applications advisers already understand, including stablecoins and cross-currency liquidity. 

“They understand and appreciate news,” Hougan said, referring to how tangible use cases translate into adviser confidence.

Bitwise also filed an updated prospectus for its XRP ETF on Sept. 28, keeping the fund’s offering information current as demand builds. 

The fund trades on NYSE Arca under the ticker (NASDAQ:XRP), holds its XRP in custody with Coinbase, and charges a 0.34% annual sponsor fee while running as a passively managed product.

How XRP Stacks Up Against Solana

Despite XRP’s growth, Solana (CRYPTO: SOL) is pulling in stronger recent ETF demand. Over the 11 weeks ending Sept. 25, Solana funds attracted $469.09 million, about 53% more than XRP’s $306.41 million over the same stretch.