Bitwise and Franklin XRP ETFs Draw $22 Million in Inflows as Token Price Falls

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Bitwise and Franklin XRP ETFs Draw $22 Million in Inflows as Token Price Falls
PrimeXBT Editorial Team
Reviewed by PrimeXBT

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US spot XRP ETFs pulled in roughly $22.65 million on Sept. 25, led by Bitwise and Franklin, even as XRP's spot price dropped 4.6% over the same period. The inflows follow another positive session two days earlier, when the same ETFs attracted about $18.04 million combined.

XRP ETF inflows extend recent buying trend

US spot XRP ETFs recorded a combined net inflow of approximately $22.65 million on Sept. 25, according to SoSoValue data. Bitwise's XRP ETF took in the largest share at about $18.39 million, pushing its cumulative net inflows to roughly $677 million.

The Franklin XRP ETF ranked second, adding about $4.26 million for the day and bringing its cumulative total to roughly $501 million. Across all spot XRP ETFs, total net assets stood at approximately $1.77 billion, with cumulative historical net inflows of about $1.79 billion.

The session builds on another positive day on Sept. 23, when spot XRP ETFs attracted approximately $18.04 million. Bitwise again led with about $11.54 million that day, taking its cumulative inflows to roughly $649 million at the time, while Franklin added another $6.50 million, lifting its total to about $492 million.

XRP price falls despite positive ETF flows

The inflows have not translated into price strength. XRP was trading around $1.54 on Friday, down approximately 4.6% over the previous 24 hours.

Its market capitalization stood at roughly $96.89 billion, also down 4.6%. 24-hour trading volume declined 22.06% to approximately $4.97 billion, and XRP represented approximately 1.80% of the ETFs' net asset value according to the reported data.

Other major crypto ETFs also posted gains on Sept. 25. Bitcoin spot ETFs registered approximately $134 million in net inflows, extending their streak to seven consecutive sessions, with BlackRock's IBIT accounting for about $96.99 million and Fidelity's FBTC adding around $49.32 million. Ethereum spot ETFs remained positive as well, with approximately $86.95 million in net inflows extending their own streak to six sessions.

Sustained inflows point to continued institutional interest in gaining XRP exposure, even as the token itself remains under selling pressure.

Source: U.Today

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