XRP Institutional Interest Surges as Wealth Adviser Discloses New Position
Institutional interest in XRP continues to grow as more wealth advisers disclose positions in regulated investment products.
A recent filing by Gerber, an Ohio-based registered investment adviser overseeing $592 million in assets, revealed a new position in the Franklin XRP ETF. The firm holds 12,958 shares of the fund, adding to a growing list of advisers seeking exposure to XRP through regulated channels.
This development follows a string of similar announcements from other firms, including Gallacher Capital Management, which disclosed ownership of 86,744 shares of the Canary XRP ETF. Vista Finance also reported one of the largest institutional positions so far, holding 129,958 shares of the Franklin XRP ETF.
The filings suggest that XRP exchange-traded funds (ETFs) are beginning to attract a broader base of professional investors rather than isolated speculative interest.