Morgan Stanley has disclosed its holdings in an ETF linked to XRP, highlighting growing institutional interest in the cryptocurrency. The Wall Street bank, which manages around $7.4 trillion in assets, holds a relatively small position in the XRP ETF compared to its larger allocations in Bitcoin and Ethereum-related products. This move comes as XRP ETFs in the U.S. continue to attract significant inflows, with a net inflow of approximately $31.8 million last week and an additional $1.77 million on May 28.
Despite the interest, Morgan Stanley has not applied for its own spot XRP ETF, opting instead to provide exposure through regulated investment vehicles. This approach allows clients to benefit from XRP's price movements without directly managing the cryptocurrency. The bank remains cautious about direct XRP holdings, likely due to the uncertain U.S. regulatory landscape. As of now, XRP is trading near $1.30, reflecting a 1% increase over the past 24 hours, although trading volume has decreased by 13%.
Morgan Stanley Reveals XRP-Linked ETF Holdings Amid Rising Institutional Interest
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