- Rising institutional publicity
- XRP’s plunge beneath $1
Banking large Morgan Stanley has confirmed publicity to a number of XRP exchange-traded funds.
The agency’s second-quarter 2026 Kind 13F submitting exhibits positions throughout the Franklin XRP ETF, REX-Osprey XRP ETF and Bitwise XRP ETF.
The disclosure is kind of important as a result of Morgan Stanley is among the world’s largest funding banks and wealth-management corporations.
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Rising institutional publicity
XRP has been persistently displaying up on a number of ETF filings. As an illustration, Militia Capital Administration just lately filed an amended 13F with the U.S. Securities and Alternate Fee on Aug. 13. The place was valued at roughly $478,000.
SEC data, for instance, present institutional holdings of the Bitwise XRP ETF and the REX-Osprey XRP ETF in first-quarter filings.
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Financial institution of Montreal has additionally reported XRP publicity in its second-quarter submitting. For context, it’s one in every of Canada’s largest banks.
XRP-related ETFs have attracted positions from a variety of wealth managers, banks and institutional buyers.
XRP’s plunge beneath $1
Within the meantime, the XRP value has plunged beneath the $1 mark on Binance.
That is the primary time it has traded beneath $1 since November.
XRP has had a very poor 2026. It has misplaced about 46% of its worth and underperformed Bitcoin by roughly 31%.
The cryptocurrency has severely underperformed regardless of rising institutional adoption and regular ETF inflows.
Furthermore, latest constructive developments inside the Ripple ecosystem have failed to spice up its value.
On the identical time, there was a notable surge in buying and selling exercise.