BREAKING: Ripple ETF Finally Lists on NYSE - SEC Auto-Approval Triggers Crypto Explosion in BTC, ETH, XRP, SOL
Wall Street just got its newest crypto weapon—and regulators didn't even blink.
The SEC's automatic approval mechanism greenlit what traditional finance once feared: a Ripple ETF trading alongside Bitcoin and Ethereum giants. XRP joins the big leagues, Solana rides the wave, and suddenly every portfolio manager needs a crypto strategy.
Market makers are scrambling as institutional money floods the space. That $200 million debut for Solana ETFs? Just the opening act. Now with XRP in the mix, we're looking at a complete digital asset ecosystem—approved, regulated, and hungry for more.
Traders are positioning for what could be the biggest altseason in history. Bitcoin holds firm above key levels, Ethereum's staking yields attract conservative money, while SOL and XRP capture the risk-on crowd. The four-crypto horsemen are charging—and short sellers are getting trampled.
Meanwhile, Wall Street veterans are scratching their heads—watching digital assets they once dismissed as 'internet money' now commanding real estate on the world's most prestigious exchange. Guess those golf course conversations just got more interesting.
The floodgates are open. The money's moving. And for once, the regulators aren't just watching—they're handing out the keys.
Spot Solana ETFs Reach $500 Million Net Assets In Single Week
According to data from SoSoValue, the two US-based spot Solana ETFs registered a total net inflow of $199.21 million in their first week of trading. This influx of capital reflects the Optimism and growing demand for crypto-linked investment products in one of the largest global financial markets.
The week’s star performer was Bitwise’s solana Staking ETF (with the ticker BSOL), which recorded positive inflows in the first four trading days. On Friday, October 31st, the exchange-traded fund posted a total net inflow of roughly $44.5 million, bringing the debut week’s performance to over $197 million.
Bloomberg analyst Eric Balchunas said about the Bitwise Solana ETF performance:
What a week for $BSOL, besides the big volume, it led all crypto ETPs by a country mile in weekly flows with +$417m ($IBIT had a rare off week, it’ll be back). It also ranked it 16th in overall flows for the week. Big time debut.
While Grayscale’s Solana Trust (GSOL) didn’t record any activity on Friday, it closed the week with a total net inflow of about $2.18 million. It is worth noting that the Grayscale fund launched a day after Bitwise’s spot Solana ETF, but both exchange-traded funds have a total net asset of over $500 million.
Considering the impact of spot Bitcoin and Ether ETFs on the assets’ prices, it would be interesting to see how the performance of the Solana ETFs affects SOL’s price in the coming months. As of this writing, the price of Solana stands at around $185, reflecting a more than 4% decline in the past seven days.
Demand For Bitcoin And Ether ETFs Slows Down
The US-based bitcoin and Ether ETFs registered unconvincing performances in the past week, as investor sentiment in the market seems to worsen by the day. The Bitcoin exchange-traded funds posted a total net outflow of over $607 million in the past week.
Meanwhile, the Ether ETFs snapped their streak of consecutive outflow weeks with a positive weekly influx of over $114 million. Nevertheless, it is worth mentioning that these crypto-linked investment products still ended the month of October with net positive inflows.
