Jane Street Increases Holdings of XRP ETF by 1.2 Million Shares

Major financial institutions on Wall Street are accelerating their accumulation of XRP exchange-traded funds (ETFs). Jane Street holds over 1.2 million shares of the Bitwise XRP ETF, a significant increase from 20,605 shares at the end of the first quarter. Morgan Stanley holds 6,715 shares of the Franklin XRP ETF, 255 shares of the Rex-Ospray XRP ETF, and 67 shares of the Bitwise XRP ETF. Bank of America has 13,260 shares of the Volatility Shares XRP ETF. As of August 13, the U.S. spot XRP ETF market recorded a total net asset value of $942.25 million, with a cumulative net inflow of approximately $1.51 billion. However, the price of XRP has fallen below $1, experiencing a decline of about 70% over the past year. Experts analyze that the limited amount of tokens held by XRP ETFs, which accounts for only about 1.49% of the total circulating supply, is a factor restricting price increases. The accumulation of XRP ETFs on Wall Street signals the institutional adoption of the digital asset market, but the minimal price response suggests a need for a better understanding of the complex supply-demand structure and ETF management methods.

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