Institutional investors are steadily increasing their exposure to XRP exchange-traded funds, even as the underlying token's price has fallen more than 60% over the past year. A Florida-based investment advisory firm, Moisant Fitzgerald Tamayo, disclosed holding 964 shares of the Franklin XRP ETF, valued at approximately $11,000, according to a March 13 SEC filing. The firm manages between $1.35 billion and $1.4 billion in assets and ranks among the top 500 registered investment advisers in the United States.
Institutional inflows contrast with price weakness
Other firms have also revealed XRP ETF positions. Virginia-based Main Street Group reported owning 5,261 shares of the Canary XRP ETF in its latest quarterly filing, while Larson Financial Group, Q3 Asset Management, and Hurry Capital have also disclosed exposure. Market data from MarketBeat shows institutions have bought over 160,000 shares of XRP ETFs in the past 24 months, with net inflows of $2.5 million over the last year and zero outflows. Flow Traders holds the largest institutional position, worth $1.93 million.
Price drops despite ETF demand
Despite the ETF inflows, XRP's spot price has struggled. According to CoinMarketCap, XRP traded at $1.06 on March 13, down 62.16% year-over-year and over 3% in the past 24 hours. Analysts attribute the decline to broader risk-off sentiment, compounded by potential Federal Reserve interest rate hikes. The divergence between ETF demand and spot price weakness has created a classic decoupling scenario, where institutional accumulation signals long-term confidence but short-term price trends remain bearish. Some technical analysts note chart patterns reminiscent of past rally phases, though they caution that institutional flows are still in early stages and should not be overinterpreted.