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Charles Schwab Discloses $1 Million Investment in Spot XRP ETF

Guavy AI Editorial Team
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XRP
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Charles Schwab's family of funds has revealed that it holds more than $1 million in a spot XRP ETF, according to its latest SEC filing. The company confirmed holding $1,011,417 worth of Grayscale XRP Trust ETF shares as collateral. This significant investment comes at a time when the price of XRP is showing a bullish setup after reclaiming the $1.40 level.

The investment by Charles Schwab in XRP ETFs could have implications for the cryptocurrency market, potentially leading to increased adoption and mainstream recognition. The holding is substantial, amounting to over $1 million, which may contribute to the upward momentum of XRP's price.

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