Schwab Reveals $4.8 Million in XRP ETF Collateral Holdings

Charles Schwab has disclosed nearly $4.8 million in XRP ETF collateral holdings in its Form N-MFP3 filing dated September 8.

The documentation revealed that Grayscale XRP Trust ETF shares held as collateral totaled approximately $1.01 million, while Canary XRP ETF shares and Franklin XRP ETF shares accounted for around $3.06 million and $702,000 respectively.

It's essential to clarify that the presence of XRP ETF shares as collateral does not imply that Schwab purchased these ETF shares for its money market fund; these positions may represent securities posted as collateral in lending arrangements or other financial operations.

This disclosure indicates a growing trend of institutional adoption and utilization of XRP-based investment products, which are being used as collateral in various contexts.