In the USA, investment advisors’ interest in XRP exchange-traded funds continues. Recent filings with the U.S. Securities and Exchange Commission showed that different advisory firms have opened new positions in XRP ETFs in recent days.
New corporate notices
Ohio-based registered investment advisor Gerber announced that it has acquired 12,958 shares in the Franklin XRP ETF, with $592 million in assets under management. This notification indicated continued interest in XRP-related products on the institutional side.
On July 17, Gallacher Capital Management announced that it opened a new position in the Canary XRP ETF. The company reported ownership of 86,744 shares, valued at approximately $961,126.
A day ago, Vista Finance made public one of the larger institutional XRP ETF positions ever announced. Vista Finance held 129,958 Franklin XRP ETF shares worth $11.45 million at the time of filing, according to the company’s SEC filing.
Vista Finance reported in its SEC filing that it owns 129,958 shares in the Franklin XRP ETF; This amount was at the level of 11.45 million dollars at the date of application.
Other acquisitions and market size
Michigan-based registered investment advisor CPR Investments also announced on July 15 that it had established a position in the ProShares Ultra XRP ETF. The company noted that it held 36,619 shares worth approximately $363,627.
These sizes are more limited compared to institutional positions seen in Bitcoin ETFs. However, recent reports reveal that investment advisors are turning to XRP products more regularly.
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Clear input data
Daily data showed a net inflow of 532,500 XRP into XRP ETFs on July 27. In the previous days, a net inflow of 5.09 million XRP was recorded on July 21, 2.27 million XRP on July 20, and 6.10 million XRP on July 16.
While the total size of the XRP ETF market reached 683.66 million dollars, the largest share was taken by Bitwise XRP ETF with approximately 243 million dollars.
According to the latest data, the total XRP ETF market reached a size of approximately $683.66 million. Bitwise XRP ETF ranked first in the industry with assets of approximately $243 million. It was followed by the Canary XRP ETF with approximately $223 million and the Franklin XRP ETF with approximately $167 million.
