Morgan Stanley's latest disclosure shows that the Wall Street bank, which manages approximately $7.4 trillion in assets, has acquired an ETF product linked to XRP. Although the size of the position is not large, this move has still attracted market attention against the backdrop of continued inflows into US-listed XRP ETFs.
Company disclosures show that this allocation is significantly smaller than its holdings in Bitcoin and Ethereum-related investment products. However, the documents also reflect that XRP is gradually entering the scope of institutional crypto asset allocation. More noteworthy for the market is that Morgan Stanley does not directly hold XRP, but rather obtains price exposure through regulated ETF products.
XRP ETF continues to attract funds
The article states that the XRP ETF recorded a net inflow of approximately $31.8 million last week. On May 28th, the XRP ETF received another net inflow of approximately $1.77 million, while Bitcoin and Ethereum ETFs experienced outflows during the same period.
Bitwise's XRP ETF accounted for all $1.77 million of the net inflow that day. According to the data in the article, this product has accumulated inflows of $1.41 billion, demonstrating continued interest from institutional and market funds in XRP-related investment instruments.
- Last week, the XRP ETF saw net inflows of approximately $31.8 million.
- On May 28, the net inflow was approximately US$1.77 million.
- The Bitwise XRP ETF has seen a cumulative inflow of approximately $1.41 billion.
The development of a spot XRP ETF has not yet been initiated.
The company disclosed that although it has already allocated to XRP-related ETFs, Morgan Stanley has not yet applied for its own spot XRP ETF. The article mentions that the bank previously viewed Ripple's payment network as one of the alternatives to SWIFT in the cross-border payments field, but this has not translated into more aggressive product development.
Currently, Morgan Stanley prefers to offer clients XRP exposure through regulated investment vehicles rather than including XRP directly on its balance sheet. This arrangement allows investors to track price performance while avoiding the need to manage their own wallets and private keys.
Institutional allocation remains cautious.
Based on the text, Morgan Stanley is currently focusing on crypto market products with higher institutional acceptance, including Bitcoin and Solana-related products. Regarding XRP, the bank remains cautious, with the market generally attributing this to the still unclear US regulatory environment.
As of press time, XRP was trading near $1.30, up about 1% in the last 24 hours, but trading volume had declined by about 13%. Wall Street interest in Ripple-related investment products is rising as more institutions begin disclosing their XRP ETF exposure.
Additional information:The original article did not disclose the specific names of the XRP-related ETFs held by Morgan Stanley or the size of its holdings, only emphasizing that its allocation was still relatively small compared to the overall portfolio.
