$1.9 Trillion Asset Manager Enters XRP ETF Market

A large asset manager overseeing approximately $1.9 trillion has entered the XRP exchange-traded fund (ETF) market.

Kamilah Stevenson, a market connoisseur, emphasizes that this arrival carries significant weight due to its impact on retirement-focused firms and their clients.

Pension plans, endowments, corporate retirement accounts, and registered investment advisers often face mandates preventing direct custody of digital assets or the use of crypto exchanges.

XRP spot ETFs offer a regulated route to XRP exposure by trading like listed securities in a brokerage account, eliminating the need for self-custody.