A Little-Known Firm Owns Nearly 3,000 Times More of This XRP ETF Than Morgan Stanley

A quirky data point is bouncing around ETF Twitter this week: a little-known Chicago investment firm reported roughly 2,984 times as many shares of the Bitwise XRP ETF as Morgan Stanley (NYSE:MS) did in the latest 13F filings. The catch, and it is the whole story, is that Morgan Stanley’s position is tiny. According to ... A Little-Known Firm Owns Nearly 3,000 Times More of This XRP ETF Than Morgan Stanley

• A comparison of 13F filings reveals a significant difference in XRP ETF holdings between Wolverine Asset Management and Morgan Stanley, with Wolverine holding substantially more shares of the Bitwise XRP ETF.
• The article emphasizes that Morgan Stanley's position is minuscule, making the large multiple misleading and not indicative of a strong directional bet on XRP by either firm.
• The key takeaway is the current state of institutional XRP ETF ownership, with a lesser-known manager holding a larger position than a major bank, and the anticipation of Q3 filings for further insights into wealth platform adoption.

Topics: Institutional adoption, Asset types, Asset manager initiatives, Financial instruments

Tags: #xrpetf #morganstanley #bitwise #wolverineassetmanagement #13ffilings #sec #institutionalownership #xrp #franklintempleton

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