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.
