XRP ETFs appear in Schwab repo collateral pool worth $11.39 million

On Sept. 8, XRP exchange‑traded funds (ETFs) were listed in a Charles Schwab Family of Funds regulatory filing as collateral for repurchase agreements, totaling approximately $11.39 million. The same day, the five tracked XRP ETF products recorded net inflows of about $2 million, contrasting with outflows in larger U.S. crypto ETF categories.

Collateral disclosed in Schwab filing

The Schwab Prime Advantage Money Fund filed a Form N‑MFP3 with the SEC, reporting eight line items of XRP ETF shares used as collateral. The entries, sourced from JPMorgan Securities and BofA Securities, represent shares from four issuers: Bitwise, Canary Capital, Franklin Templeton and Grayscale. The combined value of these entries is $11.39 million.

• JPMorgan Securities provided collateral worth roughly $7.20 million.
• BofA Securities contributed the remaining $4.19 million.
• Two Canary entries appear identical in share count and value but are listed separately for distinct repo agreements.

Investor inflows to XRP ETFs

According to SoSoValue data, the five XRP ETF products attracted nearly $2 million of net inflows on the trading day, bringing their cumulative inflows to about $1.69 billion. Over the prior 30 days, the products added roughly $173 million, indicating a sustained inflow trend.

Contrast with broader crypto ETF market

While XRP ETFs saw positive flows, spot Bitcoin ETFs experienced net outflows of approximately $46.65 million, driven largely by Grayscale’s GBTC redemptions of about $65.51 million. Other Bitcoin‑related products added roughly $41 million, insufficient to offset the withdrawals.

Interpretation of the data points

The collateral disclosure and the inflow figures represent separate dynamics. Repo collateral shows that XRP ETF shares are eligible for short‑term financing arrangements, whereas inflow data reflects investor demand for creating or redeeming ETF shares.

Future monthly N‑MFP3 reports will indicate whether XRP ETF shares remain in Schwab’s collateral pools, and ongoing fund‑flow reports will track continued investor interest.