XRP ETF gets institutional backing from investment advisors in Virginia and Florida


Moisand Fitzgerald Tamayo, a registered investment advisor (RIA) based in Orlando, Florida, revealed that he owns shares in the Franklin XRP exchange-traded fund (ETF).

In its most recent 13F filing with the SEC, the company reported that it owned 964 shares of the ETF, worth about $11,000 at press time. The company has $1.35-$1.4 billion in assets under management (AUM) and is currently ranked among the top 500 RIAs in the United States and has been named to the Top Financial Advisory Firms list.

Moisand Fitzgerald reveals XRP ETF shares in latest filingMoisand Fitzgerald reveals XRP ETF shares in latest filing

source: sec.gov

XRP ETFs are attracting institutional interest

A similar Virginia-based company, Main Street Group, also disclosed exposure to XRP. According to a Q2 2026 regulatory filing, the company owns 5,261 shares (worth approximately $58,292 at the time of writing) in the Canary XRP ETF.

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Additional companies with exposure in various XRP ETFs include Larson Financial Group ($1.8 million), Q3 Asset Management ($430,000), and Hurley Capital ($135,000). These companies join notable players like Flow Traders, whose XRP ETF is valued at $1.93 million and makes up the largest institutional portfolio of XRP ETFs.

While the amount of funds invested varies, the above-mentioned filings indicate increased institutional interest in XRP ETFs. According to MarketBeat, institutional investors have bought more than 160,000 shares of the XRP ETF in the past 24 months. Last year, total inflows into these investment vehicles amounted to $2.50 million with no outflows.

XRP ETF FlowsXRP ETF Flows

source: MarketBeat

The currency price does not reflect ETF flows

Despite the rise in institutional investment in XRP ETFs, the coin itself has fallen by 62.16% over the past year, trading at $1.06. Investors’ expectations of interest rate hikes from the US Federal Reserve to curb inflation have also caused a recent market pullback, with the price of XRP falling more than 3% in the past day.

XRP price chartXRP price chart

source: CoinMarketCap

However, there may be a silver lining, as the coin has printed a chart similar to one from some time ago increased by 60,000%.

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