Franklin Templeton Buys $2.25M XRP as Bitwise Exits, Signaling Mixed Institutional Sentiment
U.S. XRP ETFs saw a net inflow of $708,510 on October 21, driven by Franklin Templeton's $2.25 million purchase while Bitwise's fund sold $1.55 million.
U.S. XRP ETFs saw a net inflow of $708,510 on October 21, driven by Franklin Templeton's $2.25 million purchase while Bitwise's fund sold $1.55 million. XRP (XRP) is trading at ₹125 ($1.32). This is an original Token Times brief synthesising 3 outlets (99Bitcoins, U.Today, The Crypto Basic), plus live market data, as of Fri, 23 Oct 2026 15:00:02 UTC.
This development highlights the divergence in institutional strategies towards XRP, with some firms capitalizing on price dips while others reduce exposure, potentially reflecting differing views on XRP's regulatory outlook and market potential.
- Franklin Templeton's XRP ETF bought $2.25M of XRP on October 21.
- Bitwise's XRP ETF sold $1.55M during the same period.
- U.S. XRP ETFs saw a net inflow of $708,510, first in a week.
- XRP price down 0.47% in 24 hours amid mixed institutional activity.
Both 99Bitcoins and U.Today report that Franklin Templeton's XRP ETF purchased $2.25 million of XRP on October 21, while Bitwise's XRP ETF sold $1.55 million. They agree that this resulted in a net inflow of $708,510 for U.S. XRP ETFs, marking the first positive movement in a week. However, U.Today emphasizes the persistence of demand for XRP ETFs despite market volatility, while 99Bitcoins focuses on the contrasting strategies between Franklin Templeton and Bitwise.
- XRP, SOL, and DOGE Show Signs of Recovery Amidst Mixed Market Sentiment
- Bitcoin and XRP Experience Volatility Amidst Mixed Market Sentiment
- Franklin Templeton Buys $2.25M XRP as Bitwise Exits, Signaling Mixed Institutional Sentiment — this brief
On October 21, U.S. spot 
XRP ETFs experienced a net inflow of $708,510, breaking a week-long streak of outflows. This movement was primarily driven by Franklin Templeton's XRPZ fund, which purchased $2.25 million worth of XRP. In contrast, Bitwise's XRP ETF sold $1.55 million during the same period.
The data indicates a mixed sentiment among institutional investors regarding XRP. While Franklin Templeton appears to be capitalizing on the recent price dip, Bitwise's decision to reduce its exposure suggests a more cautious approach. This divergence in strategy could reflect differing views on XRP's regulatory outlook and market potential.
U.Today notes that the demand for XRP ETFs has remained resilient despite the ongoing price volatility and broader market downturn. This suggests that some institutional investors continue to see value in XRP, even as others adjust their positions.
XRP's price has been relatively stable in recent days, with a 24-hour decline of 0.47% and a 7-day drop of 2.12%. At the time of writing, XRP is trading at $1.32 with a market cap of $83.09 billion. The broader cryptocurrency market remains flat, with a total market cap of $2.81 trillion and a Fear & Greed Index of 50, indicating a neutral sentiment.
The contrasting actions of Franklin Templeton and Bitwise highlight the complex dynamics at play in the institutional crypto market. Investors will be watching to see if this trend of mixed sentiment continues and how it might impact XRP's price and market position in the coming weeks.
Since this brief published about 26 hours ago, XRP (XRP) has moved from ₹125.27$1.32 to ₹125.27$1.32 — +0.00%.
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 Token Times'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 ≈ ₹136.63 (about $1.32), down 0.7% over 24 hours. The rupee itself trades about 9.1% above the official rate on the P2P market, so a Indian 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 XRP as Bitwise Exits, Signali — questions & answers
Why did Franklin Templeton buy $2.25M of XRP?
The purchase likely reflects a strategy to capitalize on XRP's recent price dip.
Why did Bitwise sell $1.55M of XRP?
Bitwise's sale suggests a more cautious approach, possibly due to concerns about XRP's regulatory outlook.
What does this mean for XRP's price?
The mixed institutional activity may contribute to XRP's price volatility, but broader market conditions will also play a role.
How much is 1 XRP worth in rupee today?
About ₹136.63 at the live peer-to-peer (P2P) USDT rate, which is what Indians typically trade at — equivalent to roughly $1.32. The rupee price moves with both XRP's US-dollar price and the USDT/INR rate; use our XRP in rupee page for any amount.
Which outlets reported this story?
This is an original Token Times 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 Token Times 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.