A widely circulated claim that an adviser held $71 million in an XRP ETF stemmed from a misreading of SEC filing conventions. According to the filing, the adviser actually reported 12,380 XRPI shares valued at $71,059, not $71 million. The discrepancy arose from the SEC's current nearest-dollar reporting convention, which some observers interpreted incorrectly, inflating the figure by a factor of 1,000. The episode highlights how regulatory disclosures can be misinterpreted when shared on social media without proper context, particularly regarding share counts and valuation reporting standards. XRP-related products have drawn significant attention amid growing interest in crypto exchange-traded funds. The correction underscores the importance of verifying viral financial claims against primary source documents before drawing conclusions about institutional holdings or market activity in digital asset investment vehicles.
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