Franklin Templeton's XRP ETF (XRPZ) has moved ahead of Canary Capital's XRPC to secure the position of second-largest spot XRP fund by cumulative inflows. The shift occurred after XRPZ recorded $6.5 million in inflows on September 23, bringing its total cumulative inflows since launch to $491.7 million.
With this latest addition, Franklin's fund sits roughly $8.3 million short of the $500 million milestone. Bitwise's XRP ETF remains the only fund in the sector to have crossed that threshold, having achieved the feat in July.
Canary Capital's XRPC, which initially held the top spot among spot XRP ETFs for months following its launch as the first pure spot XRP product in the U.S., recorded zero inflows on September 23. This left its cumulative inflows at $489.37 million, placing it just behind Franklin.
Bitwise continues to maintain its lead in the XRP ETF market, recording $11.54 million in inflows on September 23 to elevate its cumulative inflows to $649 million. Bitwise and Franklin were the exclusive XRP ETFs to register inflows on that day, combining for $18.04 million.
The latest single-day additions pushed total cumulative net inflows across the entire XRP ETF market to a new all-time high of $1.75 billion, with total net assets climbing to $1.65 billion. XRP ETFs currently account for 1.77% of XRP's overall market capitalization.
September has generated $79.91 million in net inflows so far, positioning the month to become the third-best month of 2026 for the sector, following August at $159.18 million and May at $131.94 million.
