Leading asset management companies Bitwise and Franklin Templeton have both expanded their respective XRP holdings after the XRP ETF ecosystem has shown a positive recovery.

According to the latest data from SosoValue, XRP ETF recorded a total of over 8 million US dollars in capital inflows on the most recent trading day, with only Bitwise and Franklin Templeton as participants.

Bitwise purchased $2.86 million XRP

Although institutional investors have been cautious in seeking exposure to XRP investment products in the past few days, data indicates that they are beginning to regain interest. Bitwise has purchased 2.23 million XRP, worth approximately $2.86 million.

Previously, after about five days with no activity and outflows of funds, the fund recorded a new round of capital inflows on October 29th.

After the market performance turned positive on the most recent trading day XRP ETF, its cumulative net inflow has now reached approximately $1.81 billion, and the total net assets have risen to $1.47 billion.

Franklin Templeton takes the lead

In addition to Bitwise, Franklin Templeton has also brought new funds into the market. Further data shows that the quantity of XRP they purchased is higher than that of Bitwise.

Data shows that Franklin Templeton contributed significantly to the latest round of capital inflows, absorbing as many as 4.34 million XRP on the same day, worth approximately $5.57 million.

Although the latest round of inflows was contributed only by Bitwise and Franklin Templeton, the latter dominated with its largest purchase of XRP on that day.

Although it remained quiet in the past few days as well, this latest purchase marks its return to a buying stance after not reporting any capital inflows for five consecutive days.