Farmers & Merchants Investments, a bank holding company with $4.1 billion in assets under management (AUM), has disclosed significant holdings in an XRP ETF. The institutional investment manager also reported Bitcoin ETF and Robinhood exposure.
Farmers & Merchants Investments Reveals Bitwise XRP ETF Exposure
Farmers & Merchants Investments has revealed exposure in the Bitwise XRP ETF, according to the latest 13F filing with the US SEC. This indicates the company’s growing confidence in crypto assets, along with traditional financial instruments such as ETFs and stocks.
Farmers & Merchants Investments holds 2,374 shares of Bitwise XRP ETF. It is valued at roughly $30,000. While the position size is small as compared to the investment manager’s overall portfolio, XRP holdings represent another major move as tradFi institutions continue to allocate to spot XRP ETFs.
Investment firms and banks are quietly building exposure to XRP amid Ripple’s partnership with Wall Street giants and XRPL demand amid tokenization. Notably, Bank of America (BofA) holds 13,000 shares of the Volatility Shares XRP ETF.
Moreover, institutional interest in XRP is rising amid growing crypto regulatory clarity. Spot XRP ETFs saw net inflows of $2.49 million on Monday, according to SoSoValue data.
As a result, the cumulative inflows to date have increased to $1.49 billion. Total assets under management are $1.02 billion.
BlackRock Bitcoin ETF (IBIT) and Robinhood Stock Holding
Farmers & Merchants Investments also revealed holdings in BlackRock Bitcoin ETF (IBIT) and Robinhood stock. Notably, IBIT and HOOD stock are recording renewed institutional interest currently.
Farmers & Merchants Investments holds 261 shares of BlackRock Bitcoin ETF and 475 shares of Robinhood Markets, according to the SEC filing.
Similar to XRP ETFs, spot Bitcoin ETFs also recorded $226.8 million in inflows on Monday, marking the fifth consecutive day of net inflows. IBIT led with $116.5 million in inflows. BTC price surpassed $66,300 today amid bullish sentiment among institutions.
Meanwhile, Wall Street analysts have shared ‘buy’ recommendations on Robinhood and raised their price targets on HOOD stock. As CoinGape reported, Bernstein raised its price target for HOOD stock to $160 amid Robinhood Chain, prediction markets push, and other catalysts.
HOOD stock surged 2.88% in premarket trading to $102.14 on Tuesday, following buy recommendations from Bernstein, Barclays, Morgan Stanley and Goldman Sachs.
While institutional players report their holdings through SEC filings, retail investors can safely mirror these strategies by trading on the best US crypto exchanges.
