Ripple ETFs Defy Crypto Slump With Another Green Week but XRP Price Sinks

XRP rebounded from the recent lows but it's still down by over 7% weekly. The past week didn’t go well for the entire cryptocurrency market, with prices falling to local lows after BTC was rejected at $87,000 and dragged most altcoins with it. The ETF flows were among the reasons behind the market-wide correction, as almost all exchange-traded funds tracking crypto assets were in the red. Almost all. XRP ETFs Defy the Trend We will discuss in detail the major outflows from the spot BTC and ETH ETFs in another article, but we will just mention the end results here: $681 million in net outflows from the former, and $542 million from the latter. The funds tracking SOL bled out as well, with nearly $25 million taken out. And then there were the XRP ETFs. Not only were they not in the red last week, but they actually performed better than the previous five-day trading period. Although there were three (out of five) trading days with no reportable action, which obviously is not ideal, they still attracted $3.14 million on October 6 and $8.17 million on October 8, ending the week with $11.31 million in net inflows. Once again, the cumulative total net inflows hit a new all-time high of $1...