XRP ETFs See Consistent Inflows Amidst Price Stagnation

Clients of the Bitwise and Franklin Templeton spot XRP Exchange Traded Funds (ETFs) have continued to purchase XRP, with recent daily inflows indicating sustained demand for these products. However, this consistent investment has not translated into upward price momentum for XRP, which has been trading under pressure near the $1.5 level.

On September 23, 2026, combined net inflows into the two XRP ETFs totaled $18.04 million. Bitwise accounted for $11.54 million of these inflows, while Franklin Templeton brought in $6.50 million. Two days later, on September 25, the pace of inflows increased, with combined net inflows reaching approximately $22.65 million. Bitwise was the larger contributor on this date, responsible for around $18.39 million in inflows.

These recent figures contribute to a larger trend. Total inflows across XRP ETFs have climbed to around $1.79 billion, with net assets currently situated between $1.7 billion and $1.8 billion. Bitwise leads in cumulative net inflows, with figures ranging from $613 million to $677 million. Franklin Templeton, while trailing, is approaching the $500 million mark in cumulative inflows.

Launched in November 2025, the US spot XRP ETFs from Bitwise and Franklin Templeton were designed to offer investors XRP price exposure without the complexities of direct token management. The products have also benefited from a more favorable regulatory environment surrounding Ripple and XRP, positioning them as a diversification option alongside Bitcoin and Ethereum exposure for some portfolios.

Despite the consistent arrival of capital into these ETFs, XRP’s price has not mirrored this trend. The token has been trading under pressure near the $1.5 level, indicating a divergence between investment flows into the ETFs and the performance of the underlying asset. Reports indicate that inflows into these funds have not tracked neatly with XRP’s price movements.

Bitwise’s cumulative inflows currently outpace Franklin Templeton’s, and its daily contributions have been larger in recent sessions, suggesting stronger current demand for Bitwise’s XRP ETF product.

Several uncertainties remain regarding future trends. It is unclear whether daily inflows will consistently return to the $18 million to $22 million range observed in late September. Furthermore, it remains to be seen if cumulative inflows will push past the $1.8 billion mark, and whether XRP can sustain or reclaim ground around the $1.5 price level. The current situation highlights a complex interplay between ETF product demand and the broader market dynamics affecting XRP’s price.

Why This Matters

The materials describe a narrow update: Clients of Bitwise and Franklin Templeton spot XRP ETFs bought $7. Whether daily inflows return to the $18 million to $22 million range seen in late September.

Broader Context

Source materials place the factual news in this context: Clients of the Bitwise and Franklin Templeton spot XRP ETFs bought another $7.24 million worth of XRP. In ETF land, that counts as a quiet day.