Solana ETFs have recently outpaced XRP by a wide margin in a contest to attract inflows, blockchain media outlet U.Today reported on Sept. 29.

Daily net inflows into Solana funds in the United States were $12.7 million on Sept. 28. That was more than 300 percent higher than $3.96 million for XRP products.

The gap was not limited to a one-day figure. Over the past 30 days, inflows into Solana ETFs totalled $278.2 million, more than twice XRP's $127.05 million. Cumulative net inflows were still higher for XRP at $1.8 billion than Solana's $1.62 billion, but the gap between the two assets is narrowing rapidly.

Solana has already moved ahead in net assets. Solana funds had net assets of $1.93 billion, above XRP's $1.68 billion. Solana also had more listed ETFs, at 9, compared with 5 for XRP. Market capitalisation was larger for XRP at $95.47 billion versus $70.69 billion for Solana, but the share of ETF products relative to token market value was higher for Solana at 2.72 percent than XRP's 1.76 percent.

Trading also favoured Solana. Daily turnover was tallied at $90.43 million for Solana and $39.37 million for XRP. Given that ETF fund flows are often used as an indicator to gauge institutional demand, it is read as a sign that recent market interest is leaning toward Solana. U.Today said institutional demand is currently tilting toward Solana.

Price action has also moved in step with the shift in funds. Solana rose from the $75 range in early August and broke above around $95, where the 200-day moving average sits, without difficulty. It has now climbed to about $119.81. It also logged a short-term high around $125 in September. The 50-day moving average is widening its gap with the 200-day moving average, and the moving-average setup is closer to an upward trend.

Still, an assessment said short-term overheating signals are not yet at extreme levels. The relative strength index is holding around 60, and recent candlesticks showed a pullback near $125 and some weakening in trading volume. U.Today reported that Solana still has room to rise further without immediately entering a strong overbought zone.

A key point to watch is whether the pace of inflows will be sustained. If Solana holds the $110 support line and continues inflows at the current pace, the gap with XRP in net assets and market share could widen further. But in terms of the overall size of the ETF market, Solana's share is still not large compared with Bitcoin at $107.82 billion and Ethereum at $17.69 billion. The market is focusing on the recent pace of growth and the direction of fund flows rather than absolute scale.