XRP and Solana are surging Tuesday after financial firms REX and Tuttle launched new leveraged Exchange-Traded Funds (ETFs) for both cryptocurrencies. XRP jumped 8.6% to $2.17, while Solana rallied 12% to $139.56, marking significant recoveries from recent downturns.
This pattern is becoming familiar: when Wall Street creates new ways to invest in crypto, prices often respond positively. Similar ETF products in the U.S. earlier this year triggered comparable rallies, demonstrating how traditional finance vehicles can drive digital asset demand.
For traders, this signals a strategic opportunity. The launch of regulated investment products typically brings fresh capital and legitimacy, potentially creating sustained momentum. As both assets rebound from oversold conditions alongside Bitcoin’s recovery, this ETF-driven surge may mark the beginning of their next upward cycle.