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XRP Price Drops, But ETF Defies Crypto Bloodbath as Bitcoin and Ethereum Funds Bleed

XRP Price Drops, But ETF Defies Crypto Bloodbath as Bitcoin and Ethereum Funds Bleed

US spot XRP ETFs recorded about $740,000 in net inflows even as the coin lost 6% of its price over 24 hours. Bitcoin, Ethereum, Solana, and Hyperliquid funds lost nearly $400 million combined on October 14. The contrast is notable as inflation pressure weighed on crypto prices.

Crypto prices slid after a hotter-than-expected US Consumer Price Index reading on October 14. A higher inflation print can dampen expectations for monetary easing, putting pressure on risk assets; the broad market move helps explain why positive XRP ETF demand did not translate into a same-day price gain.

As for today, XRP ETFs have recorded 13 consecutive weeks of net inflows, with the last losing week ending July 10 at about $7.2…

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