Bitwise and Franklin Templeton Clients Pour $18M into XRP ETFs

Investors in Bitwise and Franklin Templeton Exchange-Traded Funds (ETFs) have acquired $18.04 million worth of XRP, according to WhaleInsider.

The significant purchase is a testament to growing interest in regulated XRP exposure, with cumulative inflows reaching around $1.75 billion and total net assets in U.S. spot XRP ETFs standing at approximately $1.65 billion.

Bitwise clients contributed $11.54 million, while Franklin clients added $6.50 million to the acquisition, further solidifying institutional interest in XRP.

The market's pricing implies that participants see this development as supportive of XRP's potential to reach new highs, with some predicting growth in the coming years.