Analysts from Bitwise and Bloomberg have ignited a debate over whether Solana (SOL) or XRP would attract greater ETF inflows if both spot funds gain SEC approval. During a discussion hosted by Kyle Chasse, Bitwise CIO Matt Hougan and Bloomberg ETF analyst James Seyffart noted that while futures-based XRP products historically outperformed Solana equivalents ($105 million in recent liquidations notwithstanding), spot ETF dynamics could reverse this trend.
Seyffart highlighted that derivatives-based ETFs typically underperform spot products, citing Rex Osprey's staking-enabled Solana fund as an early success indicator. Short-term advantage leans toward XRP due to its ardent retail base – evidenced by a 1,200-attendee Las Vegas conference – but Hougan emphasized Solana's institutional edge: "More serious investors lean toward Solana and Ethereum." Regulatory momentum builds under SEC Chair Paul Atkins, with JPMorgan projecting $3-8 billion in combined inflows post-approval.
Concurrently, Bitget analysts project near-term price targets of $4 for XRP (currently $3.18) and $250 for Solana (now $197), fueled by legal clarity from Ripple's March partial court victory. Bitget's Ryan Lee attributes XRP's resilience to "renewed ETF speculation and legal clarity," while CMO Jamie Elkaleh notes SOL benefits from "ecosystem growth and ETF chatter." ProShares recently launched leveraged ETFs for both (UXRP and SLON), and Bitwise's pending 10 Crypto Index Fund includes exposure to both assets.