Schwab funds disclose $4.8M in XRP ETF shares as collateral

The Charles Schwab family of funds disclosed holding $4.8 million in XRP ETF shares as collateral, spread across Grayscale, Canary and Franklin Templeton XRP ETFs, according to an SEC filing flagged by CoinDesk.

The disclosure is notable because Schwab has publicly positioned itself as staying out of the crypto space, making the collateral across three different spot XRP ETF issuers a notable entry point into the asset class.