NewsCryptoFranklin Templeton and Bitwise Drive $3.45M Into XRP ETFs, Reversing First Monthly Outflow

Franklin Templeton and Bitwise Drive $3.45M Into XRP ETFs, Reversing First Monthly Outflow

Author: CryptoNewsNet·

Key Takeaways

  • U.S. spot XRP ETFs recorded $3.45 million in net inflows on August 6, offsetting most of the $3.58 million outflow from the previous session.
  • Bitwise attracted $2.89 million of the XRP ETF inflows while Franklin Templeton's XRPZ drew $561,560, with no other XRP ETF recording net flows.
  • U.S. spot XRP ETFs maintain $1.51 billion in cumulative net inflows since launching in mid-2025, with Bitwise leading at $510.21 million.
  • Spot Bitcoin ETFs attracted $128.69 million led by BlackRock's $128.33 million, while Ethereum ETFs drew $92.15 million and Solana ETFs were the only major category to post outflows.
  • XRP's spot price fell 1.01% to $1.03 over 24 hours, contrasting with modest gains for Bitcoin and Ethereum and signaling a divergence between ETF demand and spot performance.
Franklin Templeton and Bitwise Drive $3.45M Into XRP ETFs, Reversing First Monthly Outflow

U.S. spot XRP exchange-traded funds returned to positive territory on August 6, attracting $3.45 million in net inflows just one day after recording their first daily outflow in nearly a month.

The rebound offset most of the prior session's loss, when XRP ETFs saw $3.58 million in net outflows — their first negative day since July 8. The session underscored how closely watched each trading day remains for the XRP ETF category, which launched in the U.S. only in mid-2025 after a federal court ruled that programmatic sales of XRP on exchanges did not constitute securities transactions, clearing the regulatory path for approval.

Bitwise and Franklin Templeton Lead XRP ETF Recovery

Two issuers drove the rebound. Bitwise's XRP ETF drew $2.89 million in fresh capital, while Franklin Templeton's XRPZ attracted an additional $561,560. No other XRP ETF recorded net flows during the session.

These inflows followed a session in which Bitwise alone accounted for the entire $3.58 million withdrawal on August 5, indicating that capital returned to the fund shortly after the brief pause in purchasing.

Despite the temporary outflow, U.S. spot XRP ETFs maintain $1.51 billion in cumulative net inflows. Bitwise remains the largest XRP ETF by cumulative inflows at $510.21 million, followed by Canary at $468.12 million and Franklin Templeton at $426.53 million. The competitive multi-issuer structure mirrors the spot Bitcoin ETF market, where fee competition among providers has been a defining feature since those funds launched in January 2024.

Bitcoin and Ethereum ETFs Extend Inflow Streaks

The broader U.S. crypto ETF market also finished positive on August 6. Spot Bitcoin ETFs recorded $128.69 million in net inflows, continuing a pattern of institutional buying.

BlackRock led the segment once again with $128.33 million in inflows. Other positive contributors included:

  • Fidelity: $11.20 million
  • Morgan Stanley ETF: $14.94 million
  • Grayscale Bitcoin Mini Trust: $7.48 million
  • Grayscale Bitcoin Trust: $6.83 million
  • Bitwise BITB: $1.70 million

Those gains were partially offset by outflows from VanEck, which recorded $32.77 million in withdrawals, and Valkyrie, which saw $9.07 million exit its fund.

Spot Ethereum ETFs attracted $92.15 million in net inflows, extending their recent streak of positive flows as institutional investors maintained ETH purchases.

Among the four major spot crypto ETF categories, Solana ETFs were the only segment to end the day in negative territory, recording $859,450 in net outflows.

XRP Underperforms Bitcoin and Ethereum in Price Terms

The ETF inflows occurred as XRP continued to lag the broader cryptocurrency market in price terms. At the time of writing, XRP traded at $1.03, down 1.01% over the past 24 hours and 3.43% over the previous seven days.

By comparison, Bitcoin traded at $64,822, gaining 0.35% on the day and 1.60% over the past week. Ethereum changed hands near $1,912, rising 0.5% in the last 24 hours and 1.4% over the previous seven days.

The divergence between ETF demand and XRP's spot price indicates that institutional investors maintained their exposure to the token despite its recent short-term price decline.