XRP ETF Gains Institutional Backing From Virginia and Florida Investment Advisors

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

In its latest 13F filing with the U.S. Securities and Exchange Commission (SEC), the company reported that it owns 964 shares of the ETF, valued at approximately $11,000 at the time of writing. The firm has $1.35-$1.4 billion in assets under management (AUM) and is currently ranked among the top 500 RIAs in the US and on the list of Best Financial Advisory Firms.

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 company, Main Street Group, also disclosed its exposure to XRP. According to its 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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Other companies with exposure to various XRP ETFs include Larson Financial Group ($1.8 million), Q3 Asset Management ($430,000), and Hurley Capital ($135,000). These companies join more prominent players like Flow Traders, whose XRP ETF is worth $1.93 million and makes up the largest institutional XRP ETF portfolio.

While the amount of funds invested varies, the above documents indicate increased institutional interest in XRP ETFs. According to MarketBeat, institutional investors have purchased more than 160,000 XRP ETF shares in the past 24 months. In the past year, inflows into these investment vehicles totaled $2.50 million, with no outflows.

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XRP ETF flowsXRP ETF flows

Source: MarketBeat

The coin price does not reflect ETF inflows

Despite rising institutional investment in XRP ETFs, the coin itself is down 62.16% over the past year and trading at $1.06. Investors’ anticipation of rate hikes by the US Fed to curb inflation has also led to a recent market decline, with XRP falling more than 3% in the past day.

XRP price chartXRP price chart

Source: CoinMarketCap

That said, there could be a silver lining as the coin has printed a chart similar to that of a time when it was up 60,000%.

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