Franklin Templeton's XRP ETF Overtakes Canary Capital to Claim Second Spot

Franklin Templeton's XRP ETF (XRPZ) has surpassed Canary Capital's XRPC to become the second-largest spot XRP fund by cumulative inflows. This development comes after XRPZ recorded $6.5 million in inflows on September 23, making it one of only two XRP ETFs to see inflows that day.

The broader XRP ETF market attracted a combined $18.04 million on September 23, with Franklin's fund now having cumulative inflows of $491.7 million, just shy of the $500 million mark. Bitwise's XRP ETF (XRP) remains the leader in this space, having reached $500 million in cumulative inflows earlier this year.

Canary's XRPC had previously held the top spot among spot XRP ETFs by cumulative inflows for months before being overtaken by Franklin. The latest figures show that Bitwise continues to lead the market, with its XRP ETF having recorded another $11.54 million in inflows on September 23, taking its cumulative inflows to $649 million.