XRP ETFs enter $11.4M Schwab collateral pool

XRP exchange-traded funds appeared in institutional collateral arrangements and attracted fresh investor money on Sept. 8, offering two distinct signs of their expanding role in U.S. markets. Summary SEC filing shows eight XRP ETF collateral line items valued near $11.39 million combined overall. XRP ETFs attracted nearly $2 million Tuesday while larger U.S. crypto ETF categories posted outflows. Five XRP products now hold $1.69 billion in cumulative inflows, according to SoSoValue data published. Schwab’s filing reports collateral received through repos, rather than direct XRP ETF investments by Schwab. JPMorgan Securities and BofA Securities supplied collateral pools containing shares from four XRP ETF issuers. A Charles Schwab Family of Funds regulatory filing contained eight XRP ETF collateral line items valued at approximately $11.39 million. Separately, the five XRP products tracked by SoSoValue received nearly $2 million of net inflows during Tuesday’s trading session. The collateral disclosure does not show Charles Schwab buying XRP ETFs or holding the underlying cryptocurrency. Instead, the shares secured repurchase agreements between Schwab Prime Advantage Money Fund and ...