EverSource Wealth Advisors, a US asset management firm with USD 3.6 billion in assets under management (AUM), has been confirmed to hold a Ripple (XRP) Exchange-Traded Fund (ETF).

According to overseas crypto media outlet Coingape, EverSource Wealth Advisors disclosed its investments in various crypto assets through its latest 13F filing with the US Securities and Exchange Commission (SEC). The company holds 1,777 shares of the ProShares Ultra XRP ETF and has also included a small position in the Franklin XRP ETF. This investment is interpreted as following the examples of XRP ETF investments by major Wall Street financial institutions such as Bank of America.

Investments in Ripple-related assets are also notable. The company holds 250 shares of Armada Acquisition Corp II (XRPN), a Special Purpose Acquisition Company (SPAC) backed by Evernorth Holdings, which is supported by Ripple. Previously, Coingape reported that Evernorth Holdings moved one step closer to a merger with Armada Acquisition Corp II. Currently, with the ongoing tokenization of Real World Assets (RWA), the XRP Ledger (XRPL), and Ripple's partnerships with Wall Street and global companies, institutional interest in XRP is surging. Recently, Ripple also launched 'Ripple Mint,' a service that enables institutions to issue, redeem, and manage RLUSD through APIs and web environments.

Meanwhile, citing data from SoSoValue, Coingape reported that spot XRP ETFs saw net inflows of USD 8.15 million last week (local time). As a result, cumulative net inflows grew to USD 1.49 billion, and the total AUM of the five XRP ETFs reached USD 1 billion.

EverSource Wealth Advisors' investments in spot Bitcoin ETFs are also substantial. The company holds 100,108 shares (approximately USD 3.3 million) of the BlackRock Bitcoin ETF (IBIT) and 88,591 shares of the ARK 21Shares ARKB, making these two products its largest Bitcoin ETF investments. In addition, it disclosed positions in several other spot Bitcoin ETFs, including Fidelity's FBTC, Grayscale's GBTC, and Bitwise's BITB. Furthermore, the firm holds 43,674 shares of Strategy (MSTR) common stock and 16,355 shares of STRK perpetual preferred stock, and has also invested in crypto-related stocks such as American Bitcoin Corp (ABTC), backed by the Trump family, and Robinhood (HOOD).

Recently, not only EverSource Wealth Advisors but also Farmers & Merchants Investments disclosed their investments in XRP ETFs, Bitcoin ETFs, and Robinhood stock through SEC filings. The company was confirmed to hold 261 shares of the BlackRock Bitcoin ETF and 475 shares of Robinhood stock.

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