Schwab's $4.8M XRP ETF Exposure Fails to Boost Price

The Charles Schwab Prime Advantage Money Fund has disclosed $4.8 million in XRP ETF shares used as collateral, pointing to growing institutional use of XRP-linked products.

According to a filing with the U.S. Securities and Exchange Commission, the fund reported exposure to three XRP-linked ETFs, with the Canary XRP ETF making up the largest portion at around $3.06 million.

The filing lists the Schwab Prime Advantage Money Fund under the Charles Schwab Family of Funds and does not mean that Schwab directly bought these ETFs as an investment. Instead, the shares were pledged as collateral in short-term funding arrangements.