Bitwise and Franklin Templeton Resume XRP Purchases After Five Days of Silence

Leading asset management companies Bitwise and Franklin Templeton have expanded their positions in XRP following renewed interest in the XRP-ETF market. According to SosoValue, XRP-ETFs recorded a total inflow of over $8 million during the last trading session, with Bitwise and Franklin Templeton being the sole participants.

Bitwise Purchases

On October 29, Bitwise acquired 2.23 million XRP for approximately $2.86 million. The purchase took place after about five days without inflows and with withdrawals: previously, institutional investors preferred caution regarding the XRP-based product. The new capital inflow into the fund indicates a return of interest in the instrument, although it does not yet confirm a sustainable trend.

Franklin Templeton Took the Larger Share

On the same day, Franklin Templeton bought more – 4.34 million XRP for approximately $5.57 million. It provided the main part of the latest inflow and became the largest buyer of the day among the two participants. For Franklin Templeton, this also marks a return to active purchases after five consecutive days without registered inflows: like Bitwise, the company had not previously shown activity.

Aggregate Figures

Taking into account the last session, the total net inflow into XRP-ETFs reached approximately $1.81 billion, and the total net assets of the funds amounted to about $1.47 billion. These figures cover the entire XRP-ETF market, not just the two mentioned companies, and show that the inflow from the last session is a small part of the accumulated volume.