Morgan Stanley has reported new investments in three XRP exchange-traded funds (ETFs) and disclosed shares in a Ripple-backed SPAC, according to a regulatory filing submitted to the US Securities and Exchange Commission for the second quarter of 2026. The bank currently manages over $1.9 trillion in assets.
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AAPLDetails of Morgan Stanley’s XRP ETF Holdings
The 13F filing lists 6,715 shares in the Franklin XRP ETF, 255 shares in the REX-Osprey XRP ETF, and 67 shares in the Bitwise XRP ETF. These positions add to Morgan Stanley’s earlier holdings in Grayscale’s XRP fund and the Volatility Shares XRP ETF reported in the first quarter of 2026.
Morgan Stanley also holds 50,540 shares in Armada Acquisition Corp II, a special purpose acquisition company (SPAC) aligned with Evernorth Holdings, which is backed by Ripple. This announcement closely follows JPMorgan Chase’s disclosure of its own investments in both Bitwise and Grayscale XRP funds, as well as a stake in the same SPAC.
Spot XRP ETFs in the US registered $2.25 million in net inflows this week, but total assets under management dipped from their previous peak, reflecting shifts in institutional interest amid changing market dynamics.
While the new XRP ETF allocations represent an expansion of Morgan Stanley’s digital asset exposure, they remain small in comparison to the bank’s broader cryptocurrency holdings, which are dominated by larger investments in Bitcoin and Ethereum products. Still, analysts view the continued accumulation as a sign of growing institutional comfort with the XRP market.
XRP Fund Flows and Market Action
Institutional demand for US spot XRP ETFs remained evident this week, with net inflows reaching $2.25 million. The Bitwise XRP ETF stood out as the only product in its category to post positive flows, while Bitcoin ETFs faced outflows during the same period.
According to SoSoValue, cumulative inflows into XRP funds have reached $1.51 million since their launch. However, assets under management in XRP ETFs declined to $942.25 million, down from a previous high above $1.25 billion, as some investors took profits or reallocated assets.
Despite the rise in institutional interest, the price of XRP remained steady, trading near $1.01 within a 24-hour window. During this period, XRP’s lowest price was $0.998, while the highest touched $1.01. Trading volumes for XRP fell 22% over the prior day, but the total number of wallets holding more than one million XRP coins grew, suggesting accumulation among large holders.
XRP futures activity showed divergent trends, with total open interest declining 1.23% to $2.69 billion, while open interest on Chicago Mercantile Exchange (CME) products rose 1.84% in just one hour, hinting at renewed institutional activity in derivatives markets even as spot prices stayed stable.
Technical analysis points to significant resistance for XRP around the $1 level, with traders watching for a decisive close above trendline resistance to shift market sentiment away from recent selling pressure.
The RWA Trend and Institutional Tokenization
As institutional adoption of tokenized products increases, a broader transformation is occurring in asset management. Instead of relying on intermediaries, investors are beginning to use Web3 platforms that simplify market access. Wall Street institutions are moving toward models that tokenize real-world assets (RWAs), such as shares of major US companies, gold, and silver. Platforms like 1stepSwap allow these assets to be held directly in crypto wallets, enabling instant price discovery and the elimination of middlemen through automated technology.
