The bearish performance comes amid a pullback from the broader crypto market, with BTC and Ether also recording huge losses. The broader crypto market experienced a flash dump earlier today, with over $1 billion in long positions liquidated from the market. The bearish performance also overshadowed XRPR’s strong debut. XRPR is the first US-listed XRP ETF. The bearish performance could result in further selling pressure, with BTC and ETH also recording huge losses.