$3.6B EverSource Reveals Major Holdings in XRP ETFs
EverSource Wealth Advisors, a $3.6 billion asset management firm, has disclosed significant holdings in XRP ETFs and Bitcoin ETFs in its latest 13F filing with the US SEC.
The company holds 1,777 shares of ProShares Ultra XRP ETF and small positions in Franklin XRP ETF, following Wall Street giants like Bank of America's exposure to XRP ETFs.
In addition to XRP ETFs, EverSource also revealed holdings in Ripple-backed Evernorth Holdings' SPAC Armada Acquisition Corp II (XRPN) stock, with 250 shares held.
The firm's interest in XRP is rising amid RWA tokenization, XRP Ledger (XRPL), and Ripple's partnerships with Wall Street and global companies.
EverSource also holds significant positions in spot Bitcoin ETFs, including BlackRock Bitcoin ETF (IBIT) and ARKB, as well as other crypto stocks like Strategy (MSTR).