Bitwise, Franklin ETF clients purchase $15M in XRP

XRP: XRP is the native digital asset of the Ripple network, primarily used for facilitating cross-border payments and value transfers. Spot XRP ETFs tracking the token have been available for trading in the United States since late 2025. Recent demand from institutional ETF vehicles has contributed to purchases of the asset. Bitwise: Bitwise Asset Management is a cryptocurrency-focused asset manager that offers exchange-traded funds providing exposure to digital assets. The firm maintains a spot XRP ETF and recently filed a post-effective amendment to update its prospectus disclosures with the SEC. Its ETF clients were among those purchasing XRP in the reported transaction. Franklin: Franklin Templeton is a global asset management company that has expanded into cryptocurrency products with its own spot XRP ETF. The firm has positioned itself as a key provider of regulated XRP investment vehicles alongside other issuers. Its ETF clients participated in the XRP purchases highlighted in the news. Market Context: XRP ETFs represent a regulated avenue for investors seeking exposure to the asset without direct ownership. ETF Development: Providers of spot XRP ETFs are actively updating regulatory filings and managing product operations to support ongoing trading and inflows. Institutional Interest: Major asset managers continue to see demand for XRP exposure through their ETF offerings amid broader institutional participation in digital assets.