Ripple ETFs Defy Crypto Slump With Another Green Week but XRP Price Sinks

The past week didn’t go well for the entire cryptocurrency market, with prices falling to local lows after BTC was rejected at $87,000 and dragged most altcoins with it. The ETF flows were among the reasons behind the market-wide correction, as almost all exchange-traded funds tracking crypto assets were in the red. Almost all. We will discuss in detail the major outflows from the spot BTC and ETH ETFs in another article, but we will just mention the end results here: $681 million in net outflows from the former, and $542 million from the latter.