Bank of America Unveils 13K XRP ETF Holdings-Is This the Next Big Thing?

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Bank of America, that venerable institution of finance, has let slip a nugget of information: they hold 13,000 shares of the Volatility Shares XRP ETF. A signal of regulated institutional interest in the wild world of XRP!

Ah, Bank of America, our old friend, has taken the plunge into the waters of digital assets, reporting its exposure to XRP through an exchange-traded fund in a freshly minted regulatory filing. What a time to be alive!

In a world where financial giants cautiously dip their toes into the murky waters of cryptocurrency, this disclosure reveals how these behemoths have chosen to wade in with their life vests firmly strapped on. The XRP markets, meanwhile, continue their chaotic dance, despite the price pressures that would make lesser mortals quail.

BofA Reveals XRP ETF Exposure in New Filing

A filing submitted to the US Securities and Exchange Commission on February 3 reveals that Bank of America is holding XRP-related assets. Who would have thought that traditional banks would ever embrace such modernity?

This document lists a most intriguing detail: ownership of 13,000 shares in the Volatility Shares XRP ETF. One cannot help but chuckle at the irony of institutions traditionally skeptical of cryptocurrencies now embracing them through regulated avenues.

🚨BREAKING: Big news in crypto! Bank of America (BofA) Discloses Holdings in the XRP ETF – 13K shares via Volatility Shares XRP ETF.

This disclosure indicates indirect exposure to XRP as mainstream finance dives in!

This is not the first time Bank of…

– Rednirav (@CryptoRednirav)

The shares were valued at approximately $224,640 at the time of disclosure. It seems the exposure is cleverly tucked away within an exchange-traded fund, sparing BofA from the messy business of direct XRP ownership. How convenient!

This revelation signals a burgeoning institutional interest, wrapped neatly in compliant investment structures that allow banks to dip their toes without getting drenched. It reflects a curious reality: banks, those conservators of the past, are now diligently monitoring the rise of digital assets-proof that times indeed are changing.

XRP ETFs Record Steady Institutional Flows

Spot XRP ETFs listed in the United States have continued their insatiable appetite for capital from institutional investors. On Tuesday, these products collectively saw inflows reach a staggering $19.46 million. Oh, how the mighty have turned!

Franklin Templeton’s XRPZ ETF raked in $12.13 million, while the Bitwise XRP ETF followed closely behind with a respectable $4.82 million. Meanwhile, other, less fortunate products saw only paltry additions, reminding us all of the fickleness of fortune.

Yet, as is often the case in the tumultuous world of finance, some entities chose to retreat. DCG International Investments Ltd, in a moment of market weakness, sold more than 19,000 shares of the Grayscale XRP ETF. A tale as old as time!

XRP Price Movement and Derivatives Activity

XRP, that enigmatic token, found itself trading below $1.60 in the past 24 hours. It floated around $1.58, reflecting a daily decline of about 1%. The market, ever the capricious beast, saw prices oscillate between $1.53 and $1.63 during this period.

Trading volume surged by around 24%, providing a delightful twist to the narrative as activity increased amidst the price drop. One could almost hear the financial pundits chuckling in delight at the chaos.

Futures market data revealed a reduction in positioning, with total XRP futures open interest declining more than 4% to about $2.65 billion in just one day. Such are the ups and downs of this exhilarating rollercoaster we call cryptocurrency!

Related Reading: First Daily Outflows Hit XRP ETFs As Nearly $600 Million Leaves General Market

Broader Bank Engagement With Crypto Products

Bank of America, in its quest for relevance in this new age, has gradually expanded its exposure to digital assets through regulated instruments. Indeed, the bank has previously advised wealth clients on limited crypto allocations, mainly through the ever-popular Bitcoin ETFs.

The inclusion of the XRP ETF aligns perfectly with this strategy, offering market access without the burden of direct token custody-a clever maneuver if ever there was one. Such structures remain the bread and butter of traditional financial institutions navigating these uncharted waters.

Ripple President Monica Long has noted that the Bank of America chief executive expressed robust support for XRP-based solutions, a sentiment that echoes through the hallowed halls of finance. This latest filing provides documented evidence of engagement through these investment vehicles, a testament to the evolving landscape of finance.

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2026-02-05 07:47