Crypto
XRP ETFs Defy Broader Market Decline with Record Inflows
The cryptocurrency market experienced a significant shift on September 1, as investors pulled out of spot Bitcoin ETFs, losing over $230 million. However, other funds tracking Solana (SOL), Ethereum (ETH), and Ripple's XRP fared better.
The Solana ETF saw inflows of $10.19 million, while the Ethereum funds gained $10.95 million on Tuesday. But it was the Ripple-based financial vehicles that stood out, attracting a whopping $14.38 million in net inflows, nearly three times more than Monday's total.
The underlying asset, XRP, has not mirrored this success, however. The token declined 6% over the week and currently struggles below $1.35 after being rejected at its August peak of $1.70.