Morgan Stanley Bets on XRP via Three ETF Holdings
Morgan Stanley has disclosed its holdings in three XRP ETFs, marking the bank's exposure to XRP through different investment products. While the positions are not large, this development indicates growing interest in XRP-based exchange-traded funds.
Data shows that after the disclosure, XRP ETFs have continued to attract capital, with a net inflow of $2.25 million on the day and a cumulative net inflow of $1.51 billion. As of August 13, the total net assets of the related ETFs amounted to $942.25 million.
Despite ongoing demand for XRP ETFs, the token's price continues to decline, down nearly 72% from its peak and currently trading around $1. Its market capitalization is approximately $163 billion, with the market closely watching whether it can hold this crucial level.