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.
