XRP News: Farmers & Merchants Investments, a bank holding company with $3.6 billion in assets under management (AUM), has revealed significant holdings in the XRP ETF. It represents a major development as many banks and traditional finance institutions (tradFi) are pooling XRP for different use cases.
Farmers & Merchants Investments reveals Bitwise XRP ETF holdings
Farmers & Merchants Investments has expanded exposure to cryptocurrencies with its Bitwise XRP ETF, according to the latest SEC filing. This indicates the company’s growing confidence in XRP amidst XRPL developments and Ripple’s increasing institutional partnerships.
The bank holding company owns 2,374 shares of the Bitwise XRP ETF. Its value is approximately $35,681. Signals that the company continues to build its exposure to cryptocurrencies beyond investments in Bitcoin ETFs.
While the size of the position is modest compared to the company’s overall portfolio, it represents another major step as tradFi institutions continue to allocate to XRP ETFs. Farmers & Merchants Investments also reported its holdings in the BlackRock Bitcoin ETF (IBIT).
The move is consistent with the broader trend of banking giants, including Goldman Sachs and Bank of America, quietly building exposure to XRP following regulatory clarity and product launches. It is worth noting, Bank of America (BofA) holds… 13,000 shares of the XRP Volatile Stock ETF.
As previously reported, CoinGape is a $3.5 trillion asset manager Goldman Sachs XRP ETF Holdings She is the biggest. Recent holdings revealed a total holding of more than $152 million.
XRP price rises amid whale accumulation and institutional interest
Institutional interest in XRP is growing amid increasing regulatory clarity for cryptocurrencies under the Trump administration. It is worth noting that The Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) have classified XRP and other major crypto assets as non-securities.
Spot XRP ETFs saw net inflows of $3.89 million on Thursday. Franklin’s XRPZ was the only one to record inflows, according to SoSoValue data. As a result, the total cumulative flow rose to $1.28 billion, with total assets under management reaching $1.08 billion.
Meanwhile, whales and institutional investors like Farmers & Merchants Investments continue to accumulate XRP directly and via XRP ETFs. As CoinGape previously reported, Evernorth Holdings has revealed massive currency outflows. Top holders added nearly 11 million XRP per day on average in April.
The price of XRP is currently trading approximately 1% higher at $1.42. The 24-hour low and high are $1.41 and $1.44 respectively. However, trading volume declined slightly amid the expiration of cryptocurrency options.
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