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

The XRP ETFs experienced something they hadn't seen since August.

Brief

By Dextape Desk ·

Spot XRP exchange-traded funds recorded about $19 million in net inflows in October, though the article calls that the second-weakest month for them. November opened with more than $500,000 in outflows on Monday, then no reported activity from Tuesday through Friday, leaving a $530,000 weekly net outflow. XRP fell to roughly $1.15, a multi-month low, and social sentiment around it has deteriorated. Solana funds fared worse. Their October was the weakest month in their one-year history, with a $143.71 million net loss. Outflows returned Thursday and reached $25.08 million Friday, bringing the week to more than $26 million out and a fifth straight red week. SOL dropped over 18% in a month and closed Sunday at $90, according to SoSoValue data.

Why it matters: Continued outflows from XRP and Solana ETFs show slowing investor demand for altcoin fund products, a trend relevant to readers following institutional crypto flows.

Mentioned: Solana, XRP

Summary by Dextape, based on reporting by CryptoPotato. Machine-written from CryptoPotato’s report and checked against it · How Dextape writes

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