XRP, DOGE, SOL See Friday Pullback as $2.7B Flow to Bitcoin ETFs This Week
A significant pullback was observed in the prices of XRP, DOGE, and SOL on Friday, October 10, 2025, as a massive influx of $2.7 billion into spot bitcoin exchange-traded funds (ETFs) this week weighed on the market.
According to data from various sources, including CoinMarketCap, the price of XRP fell by 0.31% to reach $2.81, while DOGE dropped by 0.24% to trade at $0.25. SOL also saw a decline of 2.61% to reach $218.79.
The surge in demand for bitcoin ETFs is attributed to the growing perception among investors that bitcoin is becoming an increasingly viable digital hedge against inflation and market volatility, similar to gold. "Bitcoin's role as a store of value and a hedge against inflation is becoming more apparent," said Alex Krüger, a well-known cryptocurrency analyst.
The inflows into spot bitcoin ETFs have been substantial, with over $2.7 billion flowing in this week alone. This trend has contributed to the recent price pullback in XRP, DOGE, and SOL, as investors seek safer havens for their assets.
Background context suggests that the growing interest in privacy-focused cryptocurrencies like Zcash (ZEC) and Monero (XMR) may also be contributing to the decline of these altcoins. "As more investors become aware of the importance of financial privacy, we can expect to see increased demand for coins with strong anonymity features," said Peter Brandt, a renowned market analyst.
The current status of the cryptocurrency market is one of caution and uncertainty. While some analysts remain optimistic about the long-term prospects of these altcoins, others are warning of potential further declines in the short term.
As the market continues to evolve, it remains to be seen how investors will react to the changing landscape. One thing is certain: the growing demand for bitcoin ETFs and the increasing interest in privacy-focused cryptocurrencies are likely to have significant implications for the cryptocurrency market as a whole.
Additional Developments
The recent price pullback in XRP, DOGE, and SOL has sparked concerns among investors about the long-term viability of these altcoins. As the market continues to evolve, it will be interesting to see how these coins recover from the current downturn.
In related news, the growing demand for bitcoin ETFs has led some analysts to predict a potential increase in the price of BTC in the coming weeks. "As more investors become aware of the benefits of investing in spot bitcoin ETFs, we can expect to see increased buying pressure on the underlying asset," said Tom Lee, co-founder of Fundstrat Global Advisors.
The implications of this trend are far-reaching and will likely have significant effects on the cryptocurrency market as a whole. As the demand for bitcoin ETFs continues to grow, it remains to be seen how investors will react to the changing landscape.
Sources
CoinMarketCap
Alex Krüger, cryptocurrency analyst
Peter Brandt, renowned market analyst
Tom Lee, co-founder of Fundstrat Global Advisors
*Reporting by Coindesk.*
