$3.6B EverSource Reveals Sizeable XRP Holdings Amid Institutional Interest
EverSource Wealth Advisors, a financial advisor with $3.6 billion in assets under management, has disclosed significant holdings in XRP exchange-traded funds (ETFs) and investments in Evernorth Holdings' Special Purpose Acquisition Company (SPAC).
In addition to the XRP ETFs, the company also reported stock holdings in Bitcoin ETFs, Strategy (MSTR), and other crypto stocks.
The news is significant for XRP holders, as it indicates a large institutional investor has taken a substantial position in the asset.