Franklin Templeton XRP ETF adds funds while money market token expands

Franklin Templeton's XRP exchange-traded fund recorded 3.55 million dollars in net inflows on October 22, according to The Market Periodical. The outlet noted that data from SoSoValue shows the XRPZ fund accounted for the entirety of that day's net inflows into spot XRP funds in the United States. The inflows bring the total two-session intake for the fund to 5.80 million dollars. [1]

The Market Periodical reported that the XRP token traded near 1.29 dollars on October 24, remaining below the 1.40 dollar level despite the fund activity. Cumulative net inflows for the XRPZ fund have reached approximately 519 million dollars since its launch. Additionally, analytics firm Santiment reported record wallet growth on the XRP Ledger, with total wallets reaching 8.24 million. [1]

Separately, CoinDesk Tech Security reported that Franklin Templeton added 150 million dollars worth of shares from its tokenized money market fund to the XRP Ledger on October 24. Two subscriptions expanded the total supply of sgBENJI tokens on the network to nearly 193 million shares, up from roughly 48 million shares previously. [2]

According to CoinDesk Tech Security, all of the new money market shares were transferred into a single receiving wallet. A review of ledger records shows that the receiving wallet and Franklin Templeton's issuing account share eight identical signing addresses. Any two of those signers can jointly authorize a transaction on the ledger. [2]