Bitwise, Franklin Templeton ETF Clients Buy $18.04 Million in XRP
Key Takeaways
- •WhaleInsider data shows clients of Bitwise and Franklin Templeton together bought $18.04 million in XRP through the firms' exchange-traded funds.
- •Bitwise's ETF clients drove $11.54 million of the purchases, compared with $6.50 million from Franklin Templeton's clients.
- •U.S. spot XRP ETFs have amassed roughly $1.65 billion in total net assets and about $1.75 billion in cumulative inflows since their debut.
- •The acquisitions reflect sustained institutional interest in regulated ETF vehicles that offer XRP exposure without requiring direct token ownership.
- •Future growth of XRP ETFs may hinge on further inflows, new fund approvals, Ripple announcements, regulatory actions, and potential large outflows.
Clients of Bitwise and Franklin Templeton have purchased $18.04 million worth of XRP through the firms' exchange-traded funds, according to data from WhaleInsider. Bitwise's ETF clients accounted for $11.54 million of the total, while Franklin Templeton's clients contributed $6.50 million.
The acquisitions add to a growing wave of capital flowing into regulated XRP exposure, a trend that reflects sustained institutional interest in the digital asset. They are also consistent with continued rotation of capital into ETF vehicles, which give investors exposure to the token without requiring them to hold it directly.
XRP is the native token of the XRP Ledger, an open-source blockchain closely associated with San Francisco-based payments firm Ripple.
The buying comes as U.S. spot XRP ETFs have built a substantial asset base, attracting sustained demand since their debut. Total net assets across these funds recently reached approximately $1.65 billion, with cumulative inflows totaling around $1.75 billion, according to WhaleInsider's figures.
Market participants are watching for further significant inflows into XRP ETFs, as well as potential new fund approvals and announcements from Ripple. Regulatory actions or sizable outflows from the funds are among the developments that could shape the products' growth going forward.
The report was first published by CryptoBriefing.
