T $1.9 Trillion Asset Manager Enters XRP ETF Market
A significant player in the financial industry has entered the market for XRP exchange-traded funds (ETFs). Kamilah Stevenson, a wealth-focused market connoisseur, notes that an asset manager overseeing $1.9 trillion is launching an XRP ETF.
This move allows retirement-focused firms to access XRP through a regulated route, as pension plans and corporate retirement accounts often face mandates preventing direct custody of digital assets.
ETFs open a regulated path to XRP exposure, trading like listed securities in brokerage accounts. This 'different wrapper' around the same underlying asset is significant for self-custody advocates, who cannot send or use the XRP directly and must rely on the fund's custodian.
Stevenson argues that demand has moved beyond crypto's native investor base, as large retirement-money managers like T. Rowe Price entering the segment suggests a shift in ownership base.