Key Highlights
- Morgan Stanley’s SEC filing revealed exposure to XRP-related ETF products.
- The bank disclosed holdings in both XRPI and Grayscale’s GXRP ETF.
- The filing reflects broader Wall Street participation in digital asset investment products.
Morgan Stanley has disclosed their quarterly Form 13F-HR to the United States Securities and Exchange Commission (SEC). This has led to considerable attention from the crypto community since Morgan Stanley has disclosed its holdings in XRP.
The SEC filing reveals a position in VOLATILITY SHS TR (CUSIP 92864M780) called XRP ETF with 1,700 shares worth approximately $12,886. Another position highlights Grayscale XRP Trust ETF (CUSIP 38965L106, ticker GXRP), showing 100 shares valued at $2,602.
Institutional XRP Exposure Through XRPI and GXRP
Volatility Shares Trust XRP ETF (XRPI) is an exchange-traded fund based on a futures contract introduced in May 2025 offering 1x exposure to changes in the price of XRP. The XRPI ETF managed by Volatility Shares gives exposure to investors in XRP without having to hold any direct custody of the underlying digital currency.
It has a net expense ratio of about 0.94% after taking into account the waivers. Several other firms such as Bank of America and financial advisors have also started reporting small to medium allocations to XRP and Bitcoin ETFs.
The Grayscale XRP Trust ETF (GXRP) is a spot-based investment that owns the underlying XRP cryptocurrency. The product was introduced as a trust in 2024 but listed as an ETF on NYSE Arca in November 2025, offering investors a management fee of 0.35%.
GXRP currently manages around $70.5 million in assets under management, owning about 53 million XRP with nearly 2.77 million shares outstanding as of early May 2026.
13F Disclosures Signal Mainstream Crypto Integration
The 13F filing form captures the discretionary portfolio of institutional investment managers who have more than $100 million in managed assets. Major banks such as Morgan Stanley tend to file their reports when managing client securities among a wide range of securities.
The presence of any XRP ETF exposure, even modest, signals growing mainstream acceptance of regulated crypto products following SEC approvals for XRP ETFs in late 2025.
Plans for Solana ETF
In a separate development, a new registration statement has been filed by Morgan Stanley Investment Management for its newly proposed Morgan Stanley Solana Trust (MSOL) on May 20, 2026. This registration document provides information regarding the staking process, custody management, and operations for one of the initial Solana ETFs to be listed in the United States.
The fund aims to track Solana’s performance using the CoinDesk Solana Benchmark 4 p.m. NY Settlement Rate. It will adopt a passive strategy and plans to stake up to 100% of its SOL holdings to generate staking rewards (net of expenses), subject to liquidity and regulatory requirements.
XRP shows no signs of recovery
At the time of this writing, XRP is priced at $1.29 and is trading lower by 0.29% over the last 24 hours and by roughly 4.3% over the last 7 days, according to CoinMarketCap. The price of the coin was highly volatile in the past week and rose to almost $1.36 within the midweek before falling heavily.
With a market capitalization of $80.25 billion and healthy 24-hour trading volume of $2.03 billion, the asset is still trading well below its all-time high of $3.84, sitting roughly 66% down from its 2018 peak.
More proof of institutional adoption is expected
The more Q1 2026 13Fs are analyzed, the more proof of institutional adoption is expected within the crypto industry. The efforts made by Morgan Stanley in terms of digital assets and regulated crypto exposure via offerings such as XRPI and GXRP highlight the development of the crypto infrastructure that caters to traditional investment players.
Investors are recommended to refer to original filings on SEC EDGAR before purchasing any instruments as crypto remains volatile and high-risk. However, regulated ETFs offer convenience but do not eliminate underlying market risks.
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