Wells Fargo disclosed a $9.18 million position in the Bitwise XRP ETF through a 13F filing submitted on August 14, covering positions through June 30, 2026. This institutional position comes as XRP hovers around $1, with resistance located between $1.03 and $1.08. Brad Garlinghouse’s Wyoming Blockchain Symposium appearance from August 17 to 20 could serve as a catalyst for the market. ETF holdings approaching 1 billion XRP may also tighten available supply. This disclosure from Wells Fargo, despite the modest size relative to the bank’s $2.2 trillion in assets, illustrates the growing institutional momentum around XRP.
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