XRP ETF Prediction Made by Top Expert as Solana Breaks Record at Launch

Bitwise Solana Staking ETF, BSOL, launched in the U.S. in a watershed moment for Solana, becoming the first ETP in the U.S. to have 100% direct exposure to SOL, and one of the first crypto ETPs with built-in staking.

Asset manager Bitwise highlighted a big first day for the Bitwise Solana Staking ETF, with $55.4 million in trading volume and $217.2 million in AUM.

According to Bloomberg ETF analyst Eric Balchunas, BSOL’s $56 million volume is the most of any launch this year, more than Rex Osprey’s XRP ETF XRPR, SSK, Ives and BMNU. An even more amazing fact is that it was seeded with $220 million, with Balchunas noting a strong start despite this.

Solana’s strong ETF debut raises optimism for other altcoin ETFs, including XRP.

Top expert makes XRP ETF prediction 

Nate Geraci, President of Novadius Wealth, reiterated Solana’s strong ETF start, as highlighted by Bloomberg analyst Eric Balchunas, with Bitwise spot SOL ETF posting the highest day one trading volume of some 850 ETF launches this year.

Geraci chipped in, expressing surprise: “Who could have seen this coming?” adding that spot XRP ETFs are likely to see a similar reception, if not greater.

In an earlier tweet in September, Geraci indicated that investor demand for spot XRP and Solana ETFs is being severely underestimated. With the Solana ETF kicking off to a strong start in the U.S., squashing market expectations, Geraci believes the same for XRP and even much more.

XRP marks impressive Q3

According to a recently released Q3 by Messari, XRP ended Q3 at an all-time high quarterly close of $2.85, marking 27.2% from the past quarter with a circulating market cap of $170.3 billion (a 29% quarterly increase), outperforming the combined market cap of BTC, ETH and SOL, which increased by 13.3% QoQ.

XRP Ledger closed Q3 with an all-time high RWA market cap of $364.2 million, marking a 215% increase quarterly as issuance grew for multiple RWAs launched in Q2, including Ondo’s OUSG tokenized treasury fund, Guggenheim’s Digital Commercial Paper and tokenized real estate issued by Ctrl Alt