$592M Asset Manager Reveals Fresh XRP Position Through ETF
A registered investment adviser managing $592 million in assets has disclosed its new XRP position through an ETF. Gerber, an Ohio-based firm, holds 12,958 shares of the Franklin XRP exchange-traded fund ETF.
This is one of several institutional disclosures made recently by investment advisers across the United States. Other notable filings include Gallacher Capital Management LLC's report of a new position in the Canary XRP ETF (XRPC) and Vista Finance LLC's large stake in the Franklin XRP ETF.
These holdings, while modest compared to positions seen in Bitcoin ETFs, demonstrate that XRP is gaining popularity among investment advisors. The sector has seen continued inflows, with 532,500 XRP of net inflows on July 27 following significant figures in preceding days.