Franklin Templeton's XRP ETF Tops $500M in Net Inflows, Second Spot Fund to Reach the Mark

Franklin Templeton's spot XRP ETF, XRPZ, has become the second spot XRP fund to surpass $500 million in cumulative net inflows. The milestone followed a strong day for U.S.-listed spot XRP ETFs on Sept. 25, when the five funds collectively drew $22.65 million—their largest single-day inflow in the past month. Only two products accounted for the entire intake: the Bitwise XRP ETF (XRP) brought in $18.39 million, representing 81% of the day's total, while Franklin's XRPZ added $4.26 million. While smaller than Bitwise's haul, Franklin's inflow was enough to lift XRPZ's cumulative net inflows from $496.7 million to $500.99 million as of press time, marking the fund's first move above the $500 million threshold since launching in late November 2025—roughly ten months ago. XRPZ's 2026 momentum has been notable. By the end of 2025, the fund had accumulated $242.58 million in net inflows, implying more than $258 million of additional capital has arrived so far this year despite XRP's ongoing price weakness. September alone has contributed $38.13 million. Improving sentiment following XRP's price rebound since August has helped renew demand for regulated XRP exposure. With $38.13 million in net inflows, September is now XRPZ's third-strongest month, trailing January ($59.83 million) and May ($41.82 million). Trading activity has also hit new highs. XRPZ has recorded $217.9 million in trading volume so far this month, surpassing its prior record of $176.44 million set in December 2025. Across the category, the Sept. 25 inflow lifted combined cumulative net inflows for all five spot XRP ETFs to $1.79 billion. The total has continued to climb after dropping to $1.39 billion on Sept. 17. With XRPZ now at $500.99 million, Franklin has widened its lead over Canary Capital's XRP ETF (XRPC), which ranks third at $489.37 million. XRPC launched as the first pure spot XRP ETF in the U.S. and benefited early from a first-mover advantage, but Bitwise and Franklin have overtaken it this year. Bitwise remains the category leader with $676.29 million in cumulative net inflows. Canary's fund has struggled to attract fresh capital in September. It has not posted a single day of inflows since Sept. 1, when it took in $3 million, and has otherwise recorded flat flows aside from a $1.37 million outflow on Sept. 17. XRPC would need roughly $10.6 million in additional inflows to become the third spot XRP ETF to cross the $500 million cumulative net inflow milestone.