Bitwise and Franklin Templeton Clients Boost XRP Holdings with $22.65 Million Purchase
Bitwise and Franklin Templeton ETF clients have made significant purchases of XRP, acquiring $22.65 million worth of the asset. This purchase adds to the growing institutional interest in XRP-linked exchange-traded products.
The recent acquisition suggests a continued inflow into these products, which could indicate positive momentum for XRP's market dynamics. Bitwise and Franklin Templeton manage substantial XRP ETF assets, with Bitwise having $613.8 million and Franklin Templeton managing $383.5 million.
Market participants appear to interpret this development as supportive of XRP's price, potentially influencing predictions of reaching a new all-time high by the end of 2026. Current odds for XRP reaching a new all-time high by December 31, 2026, stand at 7.2% YES, reflecting a modest increase in optimism compared to earlier projections.