Franklin Templeton's XRPZ ETF Sees Inflows Despite XRP Price Drop

XRP's price dropped sharply after the U.S. Senate failed to push forward the 'Clarity bill', but despite this volatility, Franklin Templeton's XRPZ exchange-traded fund (ETF) continued to attract investor funds.

In fact, according to CoinGlass data, all spot XRP ETF net inflows of $2.73 million on Sept. 17 were concentrated in XRPZ, which lifted the fund's cumulative net inflows to about $483 million.

This trend suggests that product demand and spot price moves do not necessarily move in the same direction.

XRP traded at around $1.42 on Sept. 14 before falling to around $1.28 on Sept. 15, a decline of approximately 10 percent.