Ripple (XRP) ETFs Turn Into a Ghost Town, Solana (SOL) Funds Keep Bleeding

The XRP ETFs experienced something they hadn't seen since August. The spot Ripple (XRP) exchange-traded funds were often leading the broader crypto-fund inflows for weeks, including closing in October in the green, but demand has disappeared as November began. The funds tracking Solana’s SOL are in an even worse shape, closing their fifth consecutive week in the red, as total inflows dropped from over $1.6 billion to under $1.45 billion. XRP ETFs See No Demand CryptoPotato reported last week that the spot XRP ETFs managed to end October with almost $19 million in net inflows. This contrasted sharply with the millions and millions of dollars in net outflows from the spot BTC and ETH ETFs during the same month. However, there were two major catches. First, this was the second-worst month in terms of net inflows for the XRP ETFs. Second, the green streak couldn’t help the underlying asset post any gains; just the opposite. November didn’t start on the right foot. Perhaps still dealing with the Binance hack, which unfolded in the previous business days, investors pulled over $500,000 out of the funds on Monday. The next four trading days were not in the red but were just as concerning,...