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. In a rather bearish environment for most exchange-traded funds tracking the largest cryptocurrencies, the funds behind XRP managed to maintain their green monthly streak. However, there are still two issues that deserve attention, as it’s not all good news. XRP ETFs Still in the Green The spot Bitcoin ETFs saw some major inflow days in October, but the end of the month turned the tables. The Binance hack appears to be the major catalyst that drove investors away, and the month ended with over $500 million in net outflows. The landscape around the Ethereum ETFs was even more painful, as the funds saw their largest monthly outflows ever, with more than $1.6 billion leaving. In contrast, the spot XRP ETFs ended last week with $4.32 million in net inflows, building on the previous week’s $4.25 million. This managed to offset the minor losses registered in the middle of the month, and the financial vehicles closed October with $18.83 million in net inflows. This meant that the cumulative total net inflows saw another all-time high in October at $1.81 billion. Even better, this was the seventh consecutive m...