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XRP ETFs May Draw Initial Interest, But Solana Has Long-Term Potential, Says Bloomberg Analyst

Bloomberg analyst James Seyffart recently examined a scenario where spot ETFs for both XRP and Solana receive approval simultaneously.

He noted that XRP would likely see higher inflows at the onset due to its established presence and trusted reputation among retail investors.

In previous instances, XRP outperformed Solana in attracting investments when both had futures-based derivative products launched, indicating strong community support.

However, Seyffart believes that while XRP might capture immediate attention, Solana is poised for greater long-term success.

This potential arises from Solana's appeal to developers and institutional investors, coupled with its advantages in speed and scalability.

Seyffart pointed out that serious long-term builders are increasingly opting for Solana and Ethereum, seen as more robust for future growth than XRP.

An important distinction was made between derivative and spot ETFs, with the latter being more favorable for investors due to their direct asset holdings and lower costs.

He highlighted that demand for spot ETFs is expected to significantly surpass that for derivative ones.

Given XRP's past performance, the launch of a spot ETF could exceptionally benefit it.

In conclusion, while XRP may initially capture the crowd's attention, Solana's underlying attributes suggest it could lead over the long haul.