U.S. Investment Advisors Open New Positions in XRP ETFs

Investment advisors in the U.S. continue to show interest in XRP exchange-traded funds (ETFs). Recent reports reveal that various advisory firms have opened new positions in XRP ETFs. Gerber, based in Ohio, announced that it acquired 12,958 shares in the Franklin XRP ETF, with assets totaling $592 million. On July 17, Gallacher Capital Management disclosed that it holds 86,744 shares valued at $961,126 in the Canary XRP ETF. Vista Finance reported holding 129,958 shares in the Franklin XRP ETF, valued at $11.45 million. CPR Investments indicated that on July 15, it held 36,619 shares worth $363,627 in the ProShares Ultra XRP ETF. These positions remain more limited compared to institutional positions in Bitcoin ETFs. However, recent data shows that investment advisors are increasingly turning towards XRP products. On July 27, there was a net inflow of 532,500 XRP into XRP ETFs. Previous days recorded net inflows of 5.09 million XRP on July 21, 2.27 million XRP on July 20, and 6.10 million XRP on July 16. The total XRP ETF market reached approximately $683.66 million, with Bitwise XRP ETF leading the sector with $243 million in assets.

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