Citadel Advisors Increases XRP ETF Holdings Significantly
- Citadel Advisors boosted its XRP ETF exposure in Q2, increasing direct holdings and call positions.
- The hedge fund holds over $875 billion in assets under management (AUM) and has added a significant portion to crypto stocks and ETFs.
- Key positions include 79,500 contracts in Canary XRP ETF (XRPC) and new holdings of over 54,500 contracts in Franklin XRP Trust (XRPZ).
- U.S. spot XRP ETFs have seen cumulative net inflows nearing $1.7 billion as of early September.
- XRP price rebounded nearly 10% today, trading at $1.46 after a low of $1.33 within the last day.
Citadel’s increased investment in XRP ETFs reflects a bullish outlook on the cryptocurrency amid growing institutional interest and significant market inflows into U.S.-listed funds.
With Citadel holding substantial positions like those in the Canary XRP ETF, the firm’s actions underscore a strong confidence in the future performance of XRP.
