Bitwise, Franklin clients buy $18M in XRP ETFs amid rising interest

Photo: Arturo Añez. / Pexels Bitwise and Franklin Templeton ETF clients have acquired $18.04 million worth of XRP, according to WhaleInsider. This purchase adds to the growing interest in XRP ETFs, with Bitwise clients contributing $11.54 million and Franklin clients adding $6.50 million. This development is part of a broader trend of capital inflow into regulated XRP exposure, indicating sustained institutional interest in the cryptocurrency. The total net assets in U.S. spot XRP ETFs have recently reached approximately $1.65 billion, with cumulative inflows hitting around $1.75 billion. Key Takeaways Recent purchases by Bitwise and Franklin ETF clients suggest increased institutional interest in XRP. The acquisition of $18.04 million worth of XRP is consistent with continued capital rotation into regulated ETF vehicles. Market pricing implies that participants see this development as supportive of XRP’s potential to reach new highs. What to Watch Market participants will closely monitor any further significant inflows into XRP ETFs, which could indicate sustained institutional interest and bolster confidence in XRP’s future performance. Additionally, developments such as new XRP ...