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Solana, XRP leveraged ETF assets surpass 3 billion, Asian long positions drive up XRP.
As the SEC is about to make a decision on the Spot ETF in the United States, the asset size of leveraged futures ETFs linked to Solana and XRP has exceeded $3 billion, indicating that institutions and professional investors are actively positioning themselves. At the same time, the bullish momentum in the Asian market continues to drive up XRP's volume and price, with market sentiment turning fully bullish.
Leveraged ETF assets surge, market positions itself early
(Source: The Block)
Since early 2025, when the Chicago Mercantile Exchange (CME) announced the listing of Solana and XRP futures contracts, the prices of these two major assets have quickly surged by about 3%.
XRP futures open interest: increased from 2.4 billion USD to 3.4 billion USD within a week in mid-May, with the price rising from 2.10 USD to 2.45 USD.
New product launch:
ProShares Ultra Solana ETF (SLON)
ProShares Ultra XRP ETF (UXRP)
Both track the performance of CME regulated futures with double leverage, without directly holding spot tokens.
REX-Osprey Solana Staking ETF (SSK): The first day trading volume reached $33 million, with $12 million in inflows, combining Spot and Staking yield structures to attract income-focused investors.
According to ETF data, in the first week of July, Solana-linked ETFs saw an inflow of $20 million, while XRP ETFs had an inflow of $10 million, pushing the total assets under management of crypto ETFs to a record high of $189 billion.
The Relationship Between the Futures Market and Spot ETF
Historical experience shows that a liquid futures market is often a prerequisite for the approval of spot ETFs, as it provides transparent pricing and risk management mechanisms.
However, leveraged and futures products carry risks such as daily compounding effects and contract roll-over costs, which may amplify volatility and decouple from spot prices.
Asian long positions drive XRP volume to the top
(Source: X)
According to analyst XForceGlobal's observations, the XRP/KRW trading pair has ranked first in trading volume in the Asian market for 30 consecutive days, indicating strong demand from Asian investors.
MarketProphet Data: XRP has seen a significant increase in bullish sentiment among investors, becoming the eighth most recognized cryptocurrency on social media.
Technical Analysis: Analyst Ali Charts points out that XRP has broken through the bullish flag pattern on the weekly chart, with a long-term target price looking towards $11.
As of the time of writing, XRP is priced at 3.18 USD, benefiting in the short term from Asian capital inflow, and is expected to further rally in the long term when global market sentiment improves.
Conclusion and Outlook
Leveraged Solana and XRP ETF assets have surpassed $3 billion, indicating that institutional funds are betting ahead of the SEC's spot ETF decision. Meanwhile, bullish forces in the Asian market are providing strong support for XRP, with both volume and price rising.
If the SEC releases positive signals in the coming months, combined with the push from Asian capital, XRP and Solana are expected to usher in a new round of breakthrough market conditions in the global cryptocurrency market.