$592M Asset Manager Takes Fresh Stance on XRP

An Ohio-based registered investment adviser managing $592 million in assets has disclosed a fresh position in XRP, according to an SEC filing. Gerber holds 12,958 shares of the Franklin $XRP exchange-traded fund ETF.

This is part of a series of institutional disclosures that have revealed notable positions in XRP ETFs. On July 17, Gallacher Capital Management LLC reported a new position in the Canary $XRP ETF (XRPC) with 86,744 shares valued at approximately $961,126. One day earlier, Vista Finance LLC revealed one of the largest institutional XRP ETF positions disclosed so far, owning 129,958 shares of the Franklin $XRP ETF ($11.45 million at the time of the filing).

The trend shows that XRP is becoming increasingly popular with investment advisors, although these holdings remain relatively modest compared to positions commonly seen in Bitcoin ETFs.