XRP ETF collateral appeared in a Charles Schwab filing. The regulatory disclosure showed $11.39 million in XRP ETF shares.
Separately, XRP products attracted nearly $2 million in inflows. This offers two distinct signs of their expanding role in U.S. markets.
Why XRP ETF collateral matters
The Schwab Prime Advantage Money Fund filed the report. It was submitted to the SEC on September 8. The report covers the fund’s portfolio as of August 31.
A review of the filing identifies eight XRP ETF entries. These come from Bitwise, Canary Capital, Franklin Templeton, and Grayscale. Their reported collateral values total approximately $11.39 million.
The $11.39 million calculation reflects the aggregate value. Two Canary entries carry identical share counts and values. They belong to separate JPMorgan repurchase agreements. The document alone does not establish whether they represent distinct blocks of shares.
An earlier estimate of approximately $4.8 million counted only three entries. It excluded five XRP ETF collateral entries contained elsewhere in the same filing. The full picture is now clear.
How XRP ETF collateral works
The securities appeared as collateral for repurchase agreements. These are commonly known as repos. A money market fund provides short-term cash to a counterparty. The counterparty transfers securities as collateral.
JPMorgan Securities was the counterparty for $7.20 million. BofA Securities accounted for the remaining $4.19 million. The collateral pools also contained conventional equities and bonds. Mortgage-backed instruments and numerous unrelated ETFs were also included.
The disclosure does not establish that Schwab selected XRP ETFs for investment. It also does not show that Schwab pledged the shares. The Schwab fund was the cash provider receiving collateral.
This distinction separates this filing from Form 13F disclosures. Form 13F reports qualifying long positions held by institutional managers.
XRP ETFs drew nearly $2 million as rivals lost money
XRP ETFs posted the only meaningful positive flow. This happened among the main U.S. spot crypto ETF categories on Tuesday. The five products attracted nearly $2 million, according to SoSoValue.
Their cumulative net inflows reached approximately $1.69 billion. The products collected about $173 million over the preceding 30 days. Tuesday’s result formed part of a longer positive run.
The rest of the larger U.S. crypto ETF market moved in the opposite direction. Spot Bitcoin ETFs recorded approximately $46.65 million in combined net outflows.
Grayscale’s GBTC led the withdrawals with roughly $65.51 million. Positive flows into BlackRock’s IBIT, Bitwise’s BITB, ARKB, and MSBT partly offset that amount. Together, those four products added approximately $41 million.
The Bitcoin fund group still finished negative. GBTC’s redemptions exceeded the combined inflows. The result ended a four-session run of positive Bitcoin ETF flows.
