Bitwise, Franklin ETF clients acquire $23M in XRP, boosting institutional interest

Photo: Rafael Minguet Delgado / Pexels Bitwise and Franklin Templeton ETF clients have purchased $22.65 million worth of XRP, according to WhaleInsider. This acquisition adds to the growing institutional interest in XRP-linked exchange-traded products. Both Bitwise and Franklin Templeton manage substantial XRP ETF assets, with Bitwise having $613.8 million and Franklin Templeton managing $383.5 million. The recent purchase suggests a continued inflow into these products, indicating potential positive momentum for XRP’s market dynamics. Market participants appear to interpret this development as supportive of XRP’s price, potentially influencing predictions of reaching a new all-time high by the end of 2026. Current odds for XRP reaching a new all-time high by December 31, 2026, stand at 7.2% YES, reflecting a modest increase in optimism compared to earlier projections. Key Takeaways The purchase by Bitwise and Franklin ETF clients suggests increased institutional interest in XRP. This development may indicate positive momentum for XRP’s price movement. Market pricing suggests a slight increase in the probability of XRP reaching a new all-time high by the end of 2026. What to Watch ...