Bitwise and Franklin Templeton Buy 6.57 Million XRP as ETF Inflows Hit $8.43M

In Brief:

Bitwise and Franklin Templeton attracted $8.43 million into their XRP exchange-traded funds, ending five days of limited activity. According to SoSoValue data, both asset managers accounted for the entire October 29 inflow, purchasing approximately 6.57 million XRP across their investment products.

Franklin Templeton contributed the larger share, attracting $5.57 million, while Bitwise recorded approximately $2.86 million in net inflows. Other XRP ETF issuers reported no additional net inflows during the session, leaving both firms responsible for the market’s gains.

Significantly, the purchases followed five consecutive trading days without reported inflows into either fund, highlighting a change in investment activity. The latest figures also lifted cumulative XRP ETF net inflows to approximately $1.81 billion across the market.

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Franklin Templeton Leads XRP ETF Purchases as Bitwise Returns to Buying

Franklin Templeton dominated the October 29 session, attracting capital equivalent to approximately 4.34 million XRP through its investment product.

Its $5.57 million contribution represented roughly 66% of the combined inflows, placing the asset manager ahead of Bitwise. Meanwhile, Bitwise attracted approximately $2.86 million, equivalent to 2.23 million XRP, accounting for the remaining 34% of the total.

Both firms resumed positive fund flows following five consecutive trading days without reported inflows, reversing their earlier inactivity. This development marked a notable change from the preceding sessions, when neither investment product attracted additional net capital.

Additionally, the latest purchases brought their combined XRP exposure higher, with Franklin Templeton recording nearly twice Bitwise’s dollar inflows. The difference amounted to approximately $2.71 million, reinforcing Franklin Templeton’s position as the session’s leading contributor.

XRP ETF Cumulative Inflows Reach $1.81 Billion as Net Assets Hit $1.47 Billion

Across the broader XRP ETF market, cumulative net inflows reached approximately $1.81 billion following the latest trading activity. Combined net assets also stood near $1.47 billion, reflecting the reported value of assets held across these investment products.

Notably, cumulative inflows and net assets represent different measures of fund activity, explaining the difference between their reported totals. Cumulative inflows track net capital entering the products, while net assets measure the value of their holdings.

The October 29 figures also showed that the market’s entire positive net flow came from just two participating issuers. Neither firm had recorded positive inflows during the preceding five trading days, making their return the session’s central development.

Overall, Franklin Templeton and Bitwise accounted for $8.43 million in combined XRP ETF inflows, with Franklin Templeton contributing the majority. Their activity brought cumulative market inflows to $1.81 billion and combined net assets to approximately $1.47 billion.

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