Gerber, an investment adviser managing $592 million in assets, recently disclosed a new position in the Franklin XRP ETF, signaling growing institutional appetite for XRP-linked investment products. The firm now holds 12,958 shares of this fund, according to a recent SEC filing.
Waves of Institutional XRP ETF Disclosures
This disclosure follows a wave of similar filings from U.S. investment advisers over the past two weeks. Gallacher Capital Management reported acquiring 86,744 shares of the Canary XRP ETF, valued around $961,126 as of mid-July. Vista Finance announced an even larger stake, holding nearly 130,000 shares of the Franklin XRP ETF worth approximately $11.45 million at the time of filing. Michigan-based CPR Investments also joined in, revealing a position of 36,619 shares in the ProShares Ultra XRP ETF, valued at about $363,627. While these holdings are still small compared to Bitcoin ETF positions, they mark a clear uptick in XRP’s institutional adoption.
ETF Inflows Show Steady Growth
Supporting this trend, U.S. spot XRP ETFs continue to attract net inflows. For example, July 27 recorded a net inflow of 532,500 XRP, following several million XRP inflow days earlier that month. The combined assets under management across XRP ETFs now approach $684 million. Bitwise leads with about $243 million, followed by Canary at nearly $223 million and Franklin at roughly $167 million. This steady capital build-up reflects growing confidence in XRP as an institutional investment option.
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