WiremarketsDextape brief
Ripple (XRP) ETFs Beat Every Major Rival in October: But Two Problems Remain
In line with the impressive month for Ripple, the ETFs recorded some net inflows.
Dextape brief
Spot XRP ETFs posted net inflows again in October, extending their positive run to seven months while most crypto ETFs struggled. The funds took in $18.83 million, lifting cumulative inflows to a record $1.81 billion, with Bitwise leading at $682 million. The article calls October the second-weakest monthly result for these funds, just above January's $15.59 million. Meanwhile XRP fell from a $1.50 rejection to below $1.20 after the Binance hack, closing the month about 16% lower, its worst since June and ending a three-month winning streak. Bitcoin ETFs lost over $500 million by month end, while Ethereum ETFs posted their largest monthly outflows ever, above $1.6 billion.
Why it matters: The divergence shows XRP funds still drawing investor cash even as the token's price fell and broader crypto ETFs faced steep withdrawals.
Read the full story
Mentioned in this story
Open a coin page for its current price.