Key facts
- EverSource Wealth Advisors, with $3.6 billion in assets under management, has filed disclosures revealing its investments.
- The firm holds 1,777 shares of ProShares Ultra XRP ETF and a small position in Franklin XRP ETF.
- EverSource Wealth Advisors also holds 100,108 shares of BlackRock Bitcoin ETF (IBIT) and 88,591 shares of Ark 21Shares’ ARKB.
- Investments include MicroStrategy (MSTR), American Bitcoin Corp (ABTC), and Robinhood (HOOD).
EverSource Wealth Advisors, a firm managing $3.6 billion in assets, has disclosed significant investments in XRP and Bitcoin Exchange Traded Funds (ETFs) through its latest 13F filing with the U.S. Securities and Exchange Commission (SEC).
The firm revealed holdings in the ProShares Ultra XRP ETF and the Franklin XRP ETF, indicating growing institutional interest in XRP-related investment products. This move aligns with a broader trend of traditional finance companies exploring crypto ETFs amid increasing regulatory clarity.
In addition to XRP exposure, EverSource Wealth Advisors has also invested in several spot Bitcoin ETFs, including BlackRock's IBIT, Fidelity's FBTC, Ark 21Shares' ARKB, Grayscale's GBTC, and Bitwise's BITB. The firm's largest Bitcoin ETF holdings are in BlackRock's IBIT, with over 100,000 shares, and ARKB.
The filing also shows EverSource's investment in MicroStrategy (MSTR), a company known for its significant Bitcoin holdings, as well as other crypto-related stocks like American Bitcoin Corp (ABTC) and Robinhood (HOOD). Furthermore, the firm reported holding 250 shares of Armada Acquisition Corp II (XRPN), a SPAC associated with Ripple-backed Evernorth Holdings, which is reportedly nearing a merger.
This disclosure comes as institutional interest in XRP continues to grow, fueled by developments in Real World Asset (RWA) tokenization, the XRP Ledger (XRPL), and Ripple's expanding partnerships. Spot XRP ETFs have recently seen substantial net inflows, with cumulative inflows reaching $1.49 billion and total assets under management surpassing $1 billion.