Crypto
Institutional Money Flocks to XRP Spot ETFs Amid Growing Interest
A string of U.S. investment advisers has been quietly accumulating XRP spot exchange-traded funds (ETFs), signaling growing institutional interest in the asset.
The latest disclosure comes from Gerber, a $592 million investment advisory firm that revealed it holds 12,958 shares of the Franklin XRP spot ETF.
This is not an isolated incident, as several other firms have added significant positions to various XRP spot ETFs in recent weeks.
The Bitwise XRP spot ETF leads the pack with a total asset under management (AUM) of $243 million, followed by the Canary XRP spot ETF at $223 million and the Franklin XRP spot ETF at $167 million.