Franklin Templeton Buys XRP Despite Bearish Price Reversal

Although the demand for XRP ETFs has slowed substantially in recent days following the recent crypto market volatility, they have remained persistent even in small quantities. Amid the slow but steady demand for the XRP investment product, the latest onchain data shows that Franklin Templeton has just bought XRP, even as its price remains unstable. As of October 23, data from SosoValue shows that Franklin Templeton's XRP ETF has recorded up to $3.55 million in net inflows during its last daily trading session on Thursday. With the Franklin XRP ETF attracting up to 2.71 million XRP worth about $3.55 million in net inflows at a time like this, the fund has taken dominance for the day as other XRP ETFs saw zero capital flows for the day.

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