Charles Schwab Filing Reveals Millions in XRP ETF Collateral

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A regulatory filing from the Charles Schwab Family of Funds with the SEC on September 8 reveals that nearly $4.8 million in XRP ETF shares are being used as collateral. The Schwab Prime Advantage Money Fund holds approximately $1.01 million in Grayscale XRP Trust ETF shares, $3.06 million in Canary XRP ETF shares, and $702,000 in Franklin XRP ETF shares. Several other asset management firms, including Clear Creek Financial Management, Leisure Capital Management, and Brookstone Capital Management, have also disclosed XRP ETF positions in their 13F filings. The XRP token remains under pressure, down 60% from its all-time high.

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