$592M Asset Manager Adds Franklin XRP ETF as Institutional Interest Grows

Institutional interest in XRP investment products continues to build as Gerber, an Ohio-based registered investment adviser managing approximately $592 million in assets, disclosed a new position in the Franklin XRP ETF through a recent filing with the U.S. Securities and Exchange Commission (SEC).

According to the filing, Gerber purchased 12,958 shares of the Franklin XRP exchange-traded fund (ETF), adding to a growing list of investment firms increasing exposure to XRP-focused products. While the position is relatively modest, it reflects the expanding adoption of XRP ETFs among registered investment advisers.

The disclosure follows several similar institutional filings in recent weeks. On July 17, Gallacher Capital Management LLC reported owning 86,744 shares of the Canary XRP ETF (XRPC), valued at roughly $961,126. A day earlier, Vista Finance LLC revealed one of the largest XRP ETF positions disclosed to date, reporting ownership of 129,958 shares of the Franklin XRP ETF, worth approximately $11.45 million at the time of filing.

Earlier, on July 15, CPR Investments, a Michigan-based registered investment adviser, disclosed a position in the ProShares Ultra XRP ETF, holding 36,619 shares valued at around $363,627.

Although these investments remain significantly smaller than institutional allocations typically seen in Bitcoin ETFs, the steady stream of SEC filings suggests that XRP investment products are gaining traction among professional wealth managers and financial advisers.

The increase in institutional ownership has coincided with continued positive inflows into U.S. spot XRP ETFs. Recent data shows net inflows of 532,500 XRP 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, highlighting sustained investor demand.

Combined assets across U.S. XRP ETFs now total approximately $683.66 million. The Bitwise XRP ETF leads the market with around $243 million in assets under management, followed by the Canary XRP ETF at nearly $223 millionand the Franklin XRP ETF with roughly $167 million, underscoring the growing role of XRP ETFs in the digital asset investment landscape.