[DigitalToday reporter Yoonseo Lee] Net daily inflows of $3.5 million were confirmed in asset manager Franklin Templeton's spot XRP exchange-traded fund (ETF).

On Sept. 17 (local time), blockchain media outlet U.Today reported that Franklin's XRPZ was the only spot XRP ETF to see assets increase that day.

Based on Sosovalue tallies, XRPZ posted net inflows of $3,501,300 on Sept. 16. This lifted the fund's cumulative net inflows to about $483 million. CoinGlass data also showed that all spot XRP ETF net inflows of $2.73 million on Sept. 17 were concentrated in XRPZ.

Spot XRP ETF fund flows in September were mixed. There were no net inflows or outflows on Sept. 15, but $8.4 million flowed in the day before. There were also no net inflows or outflows on Sept. 11, and the $3.69 million net inflow recorded on Sept. 10 went entirely into Franklin products. Sept. 9 saw relatively strong inflows. Spot XRP ETFs took in $8.67 million in total, including $6.57 million into Bitwise products and $2.11 million into the Grayscale XRP fund.

Franklin's XRPZ has continued to draw in funds even as volatility has increased. The overlap between XRP's sharp price drop and ETF net inflows showed that product demand and spot price moves do not necessarily move in the same direction.

XRP, meanwhile, fell sharply after the U.S. Senate failed on Sept. 15 to push forward the "Clarity bill". The procedural vote did not reach the 60 votes needed to move the bill to the next stage. The result dealt a major blow to the crypto industry and triggered risk-off selling across digital assets.

CoinGecko data showed XRP traded at about $1.42 on Sept. 14 before falling to about $1.28 on Sept. 15. The decline was about 10 percent.

Ultimately, recent inflows into spot XRP ETFs came during a stretch when price weakness overlapped with regulatory uncertainty. Attention is now on whether some investor funds will continue to flow into Franklin products regardless of short-term price swings.