XRP News: $3.6B Farmers & Merchants Investments Reveals Bitwise XRP ETF Exposure

XRP News: Farmers & Merchants Investments, a bank holding company with $3.6 billion in assets under management (AUM), has disclosed significant holdings in XRP ETF. It marks a major development as multiple banks and traditional finance (tradFi) institutions accumulate XRP for different use cases.

Farmers & Merchants Investments Discloses Bitwise XRP ETF Holdings

Farmers & Merchants Investments expanded crypto exposure with the Bitwise XRP ETF, according to the latest SEC filing. This indicates the company’s growing confidence in XRP amid XRPL developments and Ripple’s increasing institutional partnerships.

The bank holding company holds 2,374 shares of Bitwise XRP ETF. It is valued at roughly $35,681. The signals the company continues to build its crypto exposure beyond investments in Bitcoin ETFs.

While the position size is modest relative to the firm’s overall portfolio, it marks another major move as tradFi institutions continue to allocate to spot XRP ETFs. Farmers & Merchants Investments also reported holdings in BlackRock Bitcoin ETF (IBIT).

This move aligns with a broader trend of banking giants, including Goldman Sachs and Bank of America, quietly building exposure to XRP following regulatory clarity and product launches. Notably, Bank of America (BofA) holds 13,000 shares of the Volatility Shares XRP ETF.

As CoinGape reported earlier, $3.5 trillion asset manager Goldman Sachs’ XRP ETF holdings are the largest. The recent holdings revealed a total holding of more than $152 million.

XRP Price Rises amid Rising Whale Accumulations and Institutional Interest

Institutional interest in XRP is rising amid growing crypto regulatory clarity under the Trump administration. Notably, the SEC and CFTC classified XRP and other major crypto assets as non-securities.

Spot XRP ETFs saw net inflows of $3.89 million on Thursday. Franklin’s XRPZ was the only one to record inflows, according to SoSoValue data. As a result, the cumulative total inflow has increased to $1.28 billion, with total assets under management reaching $1.08 billion.

Meanwhile, whales and institutional investors such as Farmers & Merchants Investments continue to accumulate XRP directly and via XRP ETFs. As CoinGape reported earlier, Evernorth Holdings revealed massive exchange outflows. Large holders have added almost 11 million XRP per day on average in April.

XRP price is currently trading almost 1% higher at $1.42. The 24-hour low and high are $1.41 and $1.44, respectively. However, trading volume has decreased slightly amid crypto options expiry.

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