Franklin Templeton’s XRP ETF (XRPZ) has become the second spot XRP fund to cross the $500 million mark in cumulative net inflows.
The fund reached the milestone after the U.S. spot XRP ETF market recorded a strong inflow on Sept. 25. Specifically, the five spot XRP ETFs attracted a combined $22.65 million, marking their largest single-day inflow in the past month.
Only two XRP ETFs contributed to the Sept. 25 total. The Bitwise XRP ETF, XRP, recorded $18.39 million in inflows, accounting for 81% of the day’s total. Franklin’s XRPZ brought in the remaining $4.26 million.
Although Franklin’s inflow was much smaller than Bitwise’s, it was enough to push XRPZ’s cumulative net inflow from $496.7 million to $500.99 million at press time.
This marked the first time the fund had crossed the $500 million level since its launch. For context, XRPZ reached the milestone about ten months after launching in late November 2025.
Franklin XRP ETF Sees Strong Inflows in 2026
Notably, by the end of 2025, XRPZ had recorded $242.58 million in cumulative net inflows. This indicates that the fund has attracted more than $258 million in additional capital this year, despite XRP’s continued price struggles.
Of this figure, XRPZ has brought in $38.13 million in inflows so far in September. XRP’s price recovery since August has helped bring renewed interest to regulated XRP investment products.
With $38.13 million in monthly inflows, September has become XRPZ’s third-best month, behind January with $59.83 million and May with $41.82 million.
September has also produced the highest trading volume for Franklin’s XRP ETF. The investment product has recorded $217.9 million in trading volume so far this month, beating its previous record of $176.44 million set in December 2025.
Franklin Moves Further Ahead of Canary
The latest $22.65 million inflow also pushed the combined cumulative net inflows across all five XRP ETFs to $1.79 billion. The total has continued to rise after falling to $1.39 billion on Sept. 17.
With XRPZ now at $500.99 million, Franklin has strengthened its position as the second-largest XRP ETF by cumulative net inflows. Canary Capital’s XRP ETF (XRPC) remains third with $489.37 million.
XRPC launched as the first pure spot XRP ETF in the U.S. market and initially had the first-mover advantage. However, Bitwise and Franklin have moved ahead of Canary this year. Currently, Bitwise remains the largest XRP ETF by cumulative net inflows, with $676.29 million.
Canary’s XRPC has also struggled to attract new capital in September. The fund has not recorded a single day of inflows since Sept. 1, when it received $3 million. It has recorded zero flows since then, apart from a $1.37 million outflow on Sept. 17.
XRPC now needs about $10.6 million in additional inflows to become the third XRP ETF to cross the $500 million cumulative net inflow mark.
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