Bitwise and Franklin Templeton Fuel XRP ETF Surge

Bitwise has purchased XRP for three consecutive days this week, buying large quantities of the asset as demand grows in its ETF market.

The company's fund attracted $9.91 million in fresh capital, with Bitwise scooping up about 6.48 million XRP. Franklin Templeton also contributed to the surge, purchasing about 3.36 million XRP worth over $4.98 million.

This influx of new capital has pushed XRP spot ETF inflows to $14.89 million as of their last trading session, according to on-chain data.

The combined net inflow of 9.74 million XRP is a significant milestone for the XRP ETF market, which is nearing its $2 billion mark in just over a year since launch.