Franklin Templeton's XRPZ Surpasses Canary Capital in Cumulative Inflows
Franklin Templeton's XRP ETF (XRPZ) has made significant strides in the cryptocurrency market, surpassing Canary Capital's XRPC to become the second-largest XRP ETF by cumulative inflows. According to recent data, XRPZ recorded $6.5 million in inflows on September 23, propelling its cumulative total to $491.7 million, narrowly trailing behind XRPC's $489.37 million. While Bitwise's XRP ETF remains the only fund to have crossed the $500 million milestone, reaching it in July, Franklin Templeton's XRPZ is now just $8.3 million short of joining this exclusive group.
The rapid growth of XRPZ has been impressive, reflecting the increasing interest in Ripple's cryptocurrency, XRP. As the market continues to evolve, it will be interesting to see how these ETFs perform and whether they can sustain their momentum. The competition among these funds is likely to drive innovation and efficiency in the industry.
Qadir AK, founder of Coinpedia, has been covering the blockchain and cryptocurrency space since 2010 and has extensive experience writing about technology.