- EverSource revealed new XRP ETF positions as XRP ETF spot investments increased to $1.49 billion in total.
- XRP was changing hands at $1.10 as trading volume rose by 39.15%, with technical indicators suggesting consolidation.
- EverSource also increased its exposure to Bitcoin ETFs as well as crypto-related stocks.
The investment activity around the XRP ETFs received increased focus following the filing by EverSource Wealth Advisors in the latest SEC Form 13F report that revealed the firm’s increased holdings in the XRP exchange-traded funds.
According to the report, the firm has invested in various XRP ETFs along with several Bitcoin spot ETFs and stocks. This development occurred amid the trading of XRP at $1.10, where technicals revealed consolidation amid the volatility seen recently.
XRP ETF Holdings Added in Latest SEC Filing
According to the latest report filed to the SEC, EverSource Wealth Advisors held 1,777 shares in the ProShares Ultra XRP ETF. The investment advisory firm also disclosed a minor stake in the Franklin XRP ETF, thus making additions to their portfolios of several exchange-traded products tied to XRP.
According to the report, EverSource has 250 shares in Armada Acquisition Corp II (XRPN), the parent company of which, Evernorth Holdings, is related to Ripple.The disclosure follows previous reports that Evernorth Holdings has moved closer to a merger with Armada Acquisition Corp II.
Source: SEC
Separately, recent market data indicated continued inflows into XRP investment products. According to SoSoValue, spot XRP ETFs recorded $8.15 million in net inflows during the past week, increasing cumulative inflows to $1.49 billion. Assets under management across five XRP ETFs have also reached $1 billion.
Key filing highlights
- EverSource disclosed 1,777 shares of the ProShares Ultra XRP ETF.
- The firm also reported holdings in the Franklin XRP ETF and 250 shares of XRPN.
- Weekly Net Inflows for Spot XRP ETFs Totaling $8.15 Million.
XRP Stays Stable Around $1.10 During Consolidation Period
The price of XRP stood steady at $1.10, achieving a rise of 0.48% within the last 24 hours. XRP managed to recover after dropping initially, and then began consolidating its gains. Trading activity increased during the period, with 24-hour volume rising 39.15%.
On the four-hour chart, XRP traded around $1.1045 to $1.1048 after recovering from a decline that followed the recent move from the $1.16 area.
The price reclaimed the 20-period exponential moving average (EMA) at $1.1042 but remained below the 50 EMA at $1.1067, the 100 EMA at $1.1061, and the 200 EMA at $1.1162, leaving those levels as nearby resistance.
Fibonacci retracement levels identified support around $1.0880, followed by $1.0763 and $1.0668 if additional selling pressure develops. A separate support and resistance analysis placed support at $1.0837 and resistance at $1.1641.
Source: Trading View
Technical levels indicate that movement above $1.1067 could bring the $1.1162 area into focus. In the event that prices fall below the existing support levels, traders would have their focus on the $1.09 region along with the overall support levels near $1.0837.
Bitcoin ETFs and Crypto Stocks Also Included
The filing by the SEC also covered other investments held by EverSource apart from XRP ETF products.
Some of the spot Bitcoin ETFs included in its portfolio include BlackRock’s IBIT, Fidelity’s FBTC, ARK 21Shares’ ARKB, Grayscale’s GBTC, and Bitwise’s BITB.
From the above positions, EverSource disclosed holding of 100,108 shares of IBIT worth over $3.3 million and 88,591 shares of ARKB, which were their largest Bitcoin ETF holdings.
Other companies whose securities they have holdings include Strategy (MSTR), American Bitcoin Corp (ABTC) and Robinhood (HOOD). EverSource additionally disclosed ownership of 43,674 shares of MSTR and 16,355 STRK perpetual shares.
| Metric | Value |
| XRP Price | $1.10 |
| 24-hour Change | +0.48% |
| 24-hour Volume Change | +39.15% |
| Weekly Spot XRP ETF Inflows | $8.15 million |
| Cumulative XRP ETF Inflows | $1.49 billion |
| XRP ETF Assets Under Management | $1 billion |
| Key Support | $1.0837 |
| Key Resistance | $1.1641 |
FAQs
What XRP ETF holdings did EverSource Wealth Advisors disclose?
The firm reported owning 1,777 shares of the ProShares Ultra XRP ETF, a smaller position in the Franklin XRP ETF, and 250 shares of Armada Acquisition Corp II (XRPN).
How did XRP perform during the reported period?
The price of XRP was trading near $1.10, up 0.48% in 24 hours, with 39.15% increase in volume following a consolidation under key levels of resistance.
What were the recent XRP ETF flows?
The weekly flow into spot XRP ETFs was $8.15 million, adding up to the cumulative inflows of $1.49 billion.The total assets under management for five XRP ETFs stood at $1 billion.
