Charles Schwab's family of funds disclosed a $4.8 million position in XRP exchange-traded fund shares held as collateral, according to a recent SEC filing. The holding spans products from Grayscale, Canaryfunds and Franklin Templeton.
The move marks a concrete entry by one of traditional finance's largest players into XRP-backed products. Schwab's diversification across three distinct ETF providers suggests institutional appetite for XRP exposure within regulated vehicles rather than direct spot purchases.
XRP currently trades at $1.38. The use of XRP ETFs as collateral indicates a long-term holding strategy that locks tokens into structured financial products, removing them from active spot exchange trading. This dynamic reduces circulating supply on exchanges and can sharpen price discovery for XRP as a settlement layer asset.
The disclosure follows the successful launch of spot Bitcoin ETFs, accelerating traditional finance's integration of digital assets into mainstream portfolios. Established institutions are now treating crypto as a legitimate asset class with underlying utility rather than speculation.
