Web3: Morgan Stanley discloses holdings in three XRP ETFs
JPMorgan Stanley disclosed in its latest quarterly filing that it holds three XRP ETFs. Although the positions are not large, this means the bank has already gained exposure to XRP through different ETF products.
XRP ETF Continues to Attract Inflows
After the disclosure, XRP ETFs have continued to attract capital. Data shows a net inflow of $2.25 million on the day, with a cumulative net inflow of $1.51 billion. As of August 13, the total net assets of the related ETFs amounted to $942.25 million.
Token Price Continues to Decline
Despite ongoing ETF demand, XRP’s price continues to decline—down nearly 72% from its peak—and is currently trading around $1. Its market capitalization is approximately $163 billion.
$1 Level Draws Attention
The market is currently watching whether XRP can hold the $1 mark. If the price stays above this level, it may help stabilize short-term volatility; if it breaks below and remains weak, selling pressure could intensify further.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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