$592 Million Asset Manager Reveals New XRP ETF Position

Gerber, an Ohio-based registered investment adviser managing $592 million in assets, has disclosed a fresh $XRP position, according to a recent SEC filing.

The firm holds 12,958 shares of the Franklin $XRP exchange-traded fund ETF.

Series of institutional disclosures

Gerber's filing follows several other notable 13F disclosures from investment advisers across the United States.

On July 17, Gallacher Capital Management LLC reported a new position in the Canary $XRP ETF (XRPC). It disclosed ownership of 86,744 shares valued at approximately $961,126.

One day earlier, Vista Finance LLC revealed one of the largest institutional $XRP ETF positions disclosed so far. Its SEC filing showed ownership of 129,958 shares of the Franklin $XRP ETF ($11.45 million at the time of the filing).

Meanwhile, CPR Investments, a Michigan-based registered investment adviser, disclosed on July 15 that it had established a position in the ProShares Ultra $XRP ETF, reporting ownership of 36,619 shares valued at approximately $363,627.

Of course, these holdings remain relatively modest compared with positions commonly seen in Bitcoin ETFs, but it shows that $XRP is steadily becoming more popular with investment advisors.

ETF inflows remain positive

The institutional disclosures have coincided with continued inflows into U.S. spot $XRP ETFs.

The latest daily figures show 532,500 $XRP of net inflows on July 27, following 5.09 million $XRP on July 21, 2.27 million $XRP on July 20, and 6.10 million $XRP on July 16.

As of the latest update, the combined $XRP ETF market has approximately $683.66 million in assets, with the Bitwise $XRP ETF leading the sector at roughly $243 million. It is followed by the Canary $XRP ETF with nearly $223 million and the Franklin $XRP ETF with approximately $167 million.