US Wealth Manager with $3B in Assets Discloses Investment in XRP ETF

SRH, a US-based investment adviser with $3 billion in AUM, has reported holding 27,301 shares of Franklin Templeton’s Franklin XRP ETF (XRPZ). The firm disclosed the XRP ETF investment , worth about $441K, in a quarterly Form 13F filing with the US Securities and Exchange Commission (SEC). Notably, institutional investment managers with more than $100 million in assets under management must file these reports every quarter to disclose their long positions in US equities. SRH’s investment adds to the expanding number of US financial firms gaining exposure to XRP through regulated exchange-traded products.

Source: The Crypto Basic