Franklin Templeton Buys $2.25M in XRP as Bitwise ETF Sees Outflows
U.S. spot XRP ETFs saw mixed flows, with Franklin Templeton adding $2.25M while Bitwise's fund shed $1.55M.
U.S. spot XRP ETFs saw mixed flows, with Franklin Templeton adding $2.25M while Bitwise's fund shed $1.55M. XRP (XRP) is trading at $1.31, down 0.8% since this brief published. This is an original TLT brief synthesising 3 outlets (99Bitcoins, U.Today, The Crypto Basic), plus live market data, as of Fri, 23 Oct 2026 14:15:02 UTC.
The divergence in ETF flows highlights the mixed institutional sentiment toward XRP amid ongoing market volatility, with some funds seeing opportunity in the price dip while others reduce exposure.
- Franklin Templeton's XRP ETF bought $2.25M of XRP on October 21.
- Bitwise's XRP ETF saw outflows of $1.55M on the same day.
- Total net inflows for U.S. XRP ETFs were $708,510 on October 21.
- XRP price remains down 0.47% over the past 24 hours.
Multiple outlets report that U.S. spot XRP ETFs saw a net inflow of $708,510 on October 21, with Franklin Templeton's XRPZ fund purchasing $2.25 million of XRP while Bitwise's XRP ETF experienced outflows of $1.55 million. U.Today emphasizes that these flows occurred against a backdrop of persistent XRP price volatility and broader market downturn, while 99Bitcoins focuses on the contrasting positions of the two major ETF players. No outlet contradicts these core figures or the overall trend of mixed institutional sentiment.
- XRP ETF Sees First Outflows in 3 Months Amid Price Retest of $1.30
- Franklin Templeton Buys $2.25M in XRP as Bitwise ETF Sees Outflows — this brief
On October 21, U.S. spot 
XRP ETFs recorded a net inflow of $708,510, marking their first positive day in a week according to data from 99Bitcoins. This came after two consecutive days of no activity in the funds.
The standout move was Franklin Templeton's XRPZ fund, which purchased $2.25 million worth of XRP during the period. This significant buy suggests the fund sees potential in XRP despite its recent price struggles.
In contrast, Bitwise's XRP ETF experienced outflows of $1.55 million on the same day, indicating a more cautious stance by some institutional players. This divergence in flows highlights the mixed sentiment toward XRP among different funds.
U.Today notes that these developments occurred against a backdrop of ongoing price volatility in XRP and a broader market downturn, suggesting funds may be taking different approaches to managing risk and opportunity.
At the time of writing, XRP is trading at $1.32, down 0.47% over the past 24 hours but maintaining a market cap of $83.09 billion. The overall crypto market remains relatively flat with a total market cap of $2.81 trillion and a Fear & Greed index of 50, indicating a neutral market sentiment.
Since this brief published about 25 hours ago, XRP (XRP) has moved from $1.32 to $1.31 — -0.76%.
The chart plots XRP's price: grey is the move before this brief published, the vertical dashed line marks the moment it published, the horizontal dashed line is the price then, and the coloured area is the move since — from TLT's market data (daily resolution). It shows what happened after the news, not that the news caused it; many factors move prices. Not financial advice.
At today's peer-to-peer rate, 1 XRP ≈ ₦1,804.53 (about $1.31), down 0.7% over 24 hours. The naira itself trades about 4.0% above the official rate on the P2P market, so a Nigerian buyer's effective cost differs from the headline dollar price.
Live market data
Current prices for the assets in this story — live, source-stamped, updated every 15 minutes.
Franklin Templeton Buys $2.25M in XRP as Bitwise ETF Sees Ou — questions & answers
Why did Franklin Templeton buy $2.25M in XRP?
The purchase suggests Franklin Templeton sees potential in XRP despite recent price volatility.
What caused the difference in ETF flows?
The divergence likely reflects different risk and investment strategies among institutional players.
How does this affect XRP's market position?
While the ETF flows indicate mixed institutional sentiment, XRP's market cap remains strong at $83.09 billion.
How much is 1 XRP worth in naira today?
About ₦1,804.53 at the live peer-to-peer (P2P) USDT rate, which is what Nigerians typically trade at — equivalent to roughly $1.31. The naira price moves with both XRP's US-dollar price and the USDT/NGN rate; use our XRP in naira page for any amount.
Has XRP's price moved since this brief was published?
XRP is down 0.76% since this brief first published — trading at $1.31 now versus $1.32 at publication. TLT re-checks this figure against CoinGecko and Binance every 15 minutes.
Which outlets reported this story?
This is an original TLT brief that synthesises reporting from 99Bitcoins, U.Today, The Crypto Basic, with the key figures cross-checked for agreement across them. It is not a copy of any one article — follow the source links above for the original reporting.
Original summary — not financial advice. This is an original TLT brief that summarises a development reported elsewhere and adds live market data for context; it is not the original article and reproduces no part of it. Follow the source link above for full details. Crypto is volatile and high-risk — always do your own research.