Morgan Stanley Bets on XRP with New Holdings and Stake in Armada Acquisition

Morgan Stanley has continued its interest in cryptocurrency by disclosing new holdings in three XRP exchange-traded funds (ETFs) and a stake in Evernorth Holdings' SPAC, Armada Acquisition Corp II. According to its Q2 2026 SEC filing, the bank holds 50,540 shares in Armada Acquisition Corp II.

The XRP ETF positions held by Morgan Stanley are relatively modest compared to its larger investments in Bitcoin and Ethereum. Despite this, the move indicates a growing interest in XRP-related assets. The bank's decision follows similar disclosures by JPMorgan, highlighting increasing institutional activity in XRP funds and related SPACs.