Crypto
Schwab Files Millions in XRP ETF Collateral with SEC
A recent filing from Charles Schwab's Family of Funds has revealed millions in XRP ETF collateral.
The Form N-MFP3 filed with the U.S. Securities and Exchange Commission on September 8 shows that the Schwab Prime Advantage Money Fund listed over $1 million worth of Grayscale XRP Trust ETF shares as collateral, valued at approximately $1.01 million.
In addition to the Grayscale XRP Trust ETF, the filing also lists around $3.06 million in Canary XRP ETF shares and roughly $702,000 in Franklin XRP ETF collateral.
The combined total of these positions amounts to nearly $4.8 million worth of XRP ETF shares being used as collateral by Schwab's money market fund.