$3.6B EverSource Wealth Advisors Discloses XRP and Bitcoin ETF Holdings in Latest SEC Filing

Quick Take

EverSource Wealth Advisors, managing $3.6 billion AUM, filed Form 13F showing holdings in ProShares Ultra XRP ETF and Franklin XRP ETF
The firm also holds over $3.3 million in BlackRock's Bitcoin ETF and positions in four other spot Bitcoin ETFs
EverSource disclosed 250 shares in Ripple-backed Evernorth Holdings' SPAC Armada Acquisition Corp II (ticker: XRPN)
Spot XRP ETFs recorded $8.15 million in net inflows last week, bringing cumulative inflows to $1.49 billion

What Happened

EverSource Wealth Advisors, a traditional financial advisory firm managing $3.6 billion in assets, has publicly disclosed holdings in multiple cryptocurrency exchange-traded funds through its latest Form 13F filing with the U.S. Securities and Exchange Commission. The filing represents a concrete data point in the ongoing trend of institutional capital allocating to digital asset products following improved regulatory clarity in the United States.

The disclosure reveals the firm holds 1,777 shares of ProShares Ultra XRP ETF, a leveraged product designed to deliver twice the daily performance of XRP's price movements. EverSource also reported a smaller position in Franklin XRP ETF, though the exact share count for that holding was not specified in the filing beyond being characterized as "small."

In addition to spot and leveraged XRP exposure, EverSource disclosed ownership of 250 shares in Armada Acquisition Corp II (ticker symbol: XRPN), a special purpose acquisition company backed by Evernorth Holdings. Evernorth, which has financial ties to Ripple Labs, is in the process of merging with Armada Acquisition Corp II. The merger represents a pathway for Evernorth to access public equity markets.

The Numbers

$3.6B EverSource AUM

1,777 ProShares Ultra XRP Shares

$1.49B Cumulative XRP ETF Inflows

$1B Total XRP ETF AUM

According to data from SoSoValue, spot XRP ETFs attracted $8.15 million in net inflows during the most recent week reported. Since launch, the five live XRP ETF products have accumulated $1.49 billion in cumulative inflows and now collectively manage approximately $1 billion in assets under management.

XRP ETF Holdings Breakdown

Product	Shares Held	Notes
ProShares Ultra XRP ETF	1,777	Leveraged (2x) product
Franklin XRP ETF	Small position	Exact share count not disclosed
Armada Acquisition Corp II (XRPN)	250	Evernorth Holdings SPAC

Bitcoin ETF and Crypto Stock Portfolio

EverSource's 13F filing extends well beyond XRP products. The firm disclosed a diversified basket of spot Bitcoin ETF holdings spanning five issuers, with its largest positions concentrated in BlackRock's IBIT and Ark 21Shares' ARKB products.

Bitcoin ETF Positions

ETF Product	Shares Held	Approximate Value
BlackRock Bitcoin ETF (IBIT)	100,108	~$3.3 million
Ark 21Shares Bitcoin ETF (ARKB)	88,591	Not disclosed
Fidelity Bitcoin ETF (FBTC)	Not disclosed	Not disclosed
Grayscale Bitcoin Trust (GBTC)	Not disclosed	Not disclosed
Bitwise Bitcoin ETF (BITB)	Not disclosed	Not disclosed

The firm's Bitcoin ETF allocation totals more than $3.3 million in the BlackRock product alone, making it one of EverSource's two largest spot Bitcoin ETF positions alongside ARKB.

Crypto-Related Equity Holdings

Beyond ETF products, EverSource holds direct equity positions in publicly traded companies with cryptocurrency exposure:

Strategy (MSTR): 43,674 shares
STRK perpetual shares: 16,355 shares
American Bitcoin Corp (ABTC): Position size not disclosed; company backed by Trump family
Robinhood Markets (HOOD): Position size not disclosed

Strategy, formerly known as MicroStrategy, is the publicly traded company with the largest corporate Bitcoin treasury, making it a proxy equity vehicle for Bitcoin exposure. American Bitcoin Corp is a newer entrant to the public crypto equity space with backing from the Trump family, though details on the business model remain limited.

Why It Matters

Institutional Adoption Signal

EverSource's disclosure adds to a growing body of 13F filings showing that registered investment advisors and wealth management firms are moving past initial skepticism and building crypto allocations for client portfolios. The trend is accelerating as regulatory frameworks clarify and as ETF products provide vehicles that fit within existing compliance, custody, and operational infrastructure.

The filing is significant for several reasons beyond the raw dollar figures. First, EverSource joins a cohort of traditional wealth advisors—including Bank of America's wealth division and Farmers & Merchants Investments—that have publicly disclosed XRP and Bitcoin ETF holdings. This peer validation effect matters in the conservative institutional advisory world, where being an early adopter carries career risk but being a late adopter can mean lost client assets.

Second, the inclusion of Evernorth's SPAC equity alongside the ETF products suggests EverSource is taking a thematic approach to digital asset exposure, looking beyond pure-play tokens to companies building infrastructure, payment rails, and real-world asset tokenization platforms. Ripple Labs, which backs Evernorth, recently launched Ripple Mint, a service enabling institutions to mint, redeem, and manage RLUSD stablecoin holdings through APIs and web interfaces. The institutional interest in XRP Ledger (XRPL) for tokenized real-world assets (RWAs) is positioning Ripple and its ecosystem companies as potential beneficiaries of a broader tokenization wave.

Third, the fact that EverSource disclosed positions in a leveraged XRP ETF (ProShares Ultra XRP) alongside unleveraged products indicates at least some client portfolios are expressing tactical or speculative views on XRP price direction, not just passive long-term allocations. Leveraged ETFs reset daily and are typically unsuitable for buy-and-hold strategies, suggesting active trading or short-term positioning.

Market Context

According to the filing and supporting data from SoSoValue, the five live spot XRP ETFs have collectively attracted $1.49 billion in cumulative net inflows since launch and now manage approximately $1 billion in total assets. The $8.15 million inflow figure for the most recent week reflects ongoing but modest demand; for context, spot Bitcoin ETFs regularly see daily flows in the hundreds of millions of dollars during periods of elevated interest.

The broader institutional trend is supported by parallel disclosures. Farmers & Merchants Investments, for example, recently filed a 13F showing 261 shares of BlackRock's Bitcoin ETF and 475 shares of Robinhood Markets. While the absolute position sizes remain small relative to total assets under management at most traditional advisors, the pattern of disclosure is unmistakable: crypto is moving from "not on the menu" to "small but present allocation" across a widening base of wealth managers.

Background: What is a 13F Filing?

Form 13F is a quarterly disclosure required by the SEC for institutional investment managers with over $100 million in regulatory assets under management. The form lists equity holdings and certain equity-linked derivatives as of the last day of the calendar quarter. Managers must file within 45 days of quarter-end. While 13F filings provide transparency into institutional positioning, they reflect historical data, not current holdings, and do not include short positions, cash, bonds, or many derivative instruments.

What's Next

Several developments emerging from the filing and surrounding context warrant attention in coming quarters:

Evernorth-Armada Merger: The SPAC transaction between Evernorth Holdings and Armada Acquisition Corp II is advancing, according to the source material. Completion of the merger would create a publicly traded vehicle with direct exposure to Ripple's ecosystem and XRPL infrastructure. Monitoring the merger's closing date, valuation terms, and any lock-up expirations will be relevant for investors tracking Ripple's broader business strategy.

ETF Inflow Trends: The $8.15 million weekly inflow figure for XRP ETFs is modest but positive. Whether flows accelerate, stabilize, or reverse will depend on XRP's price performance, macroeconomic conditions, and whether additional large institutions disclose positions in upcoming 13F filings. A sustained increase in flows would signal that early institutional adoption is broadening.

Real-World Asset Tokenization Momentum: Ripple's launch of Ripple Mint and its partnerships with Wall Street firms for stablecoin infrastructure and RWA tokenization could drive further institutional interest in XRPL and XRP-related products. If tokenization use cases move from pilot to production scale, demand for XRPL-based services—and by extension, XRP as a bridge asset or transaction fee token—could materially increase.

Regulatory Environment: The source material references "growing regulatory clarity" as a factor enabling institutional participation. While U.S. crypto regulation remains fragmented and subject to change, the approval and launch of spot Bitcoin and XRP ETFs represents a threshold crossed. Any regulatory shifts—whether tightening or further liberalization—will directly impact institutional willingness to allocate.

Frequently Asked Questions

What is EverSource Wealth Advisors?

EverSource Wealth Advisors is a traditional financial advisory firm managing approximately $3.6 billion in assets under management. The firm provides investment advice and portfolio management services to individual and institutional clients. Its recent 13F filing with the SEC disclosed holdings in cryptocurrency ETFs and related equities.

Why do these 13F filings matter for crypto markets?

Form 13F filings provide public transparency into institutional investment decisions. When wealth advisors, pension funds, and other traditional institutions disclose crypto ETF holdings, it signals that digital assets are becoming an accepted portfolio allocation within the regulated financial system. This visibility can attract additional institutional capital and lend credibility to crypto as an asset class, though the filings reflect historical positions and do not guarantee future activity.

What is the difference between spot and leveraged XRP ETFs?

Spot XRP ETFs hold actual XRP tokens and track the price of XRP on a one-to-one basis. Leveraged XRP ETFs, such as the ProShares Ultra XRP ETF, use derivatives and daily rebalancing to deliver a multiple (e.g., 2x) of XRP's daily return. Leveraged products reset daily and are designed for short-term tactical positioning, not long-term holding, due to volatility decay and compounding effects over time.

What is Armada Acquisition Corp II (XRPN)?

Armada Acquisition Corp II is a special purpose acquisition company (SPAC) that is in the process of merging with Evernorth Holdings, a company with financial backing from Ripple Labs. The ticker symbol XRPN reflects the connection to XRP and Ripple's ecosystem. Once the merger is complete, the combined entity will be a publicly traded company focused on services related to the XRP Ledger and tokenization infrastructure.

How much money is in XRP ETFs overall?

According to data from SoSoValue cited in the source material, the five spot XRP ETFs have attracted $1.49 billion in cumulative net inflows since launch and collectively manage approximately $1 billion in assets under management. The most recent week saw $8.15 million in net inflows across the products.

Sources and Methodology

This article is based on publicly available Form 13F filings with the U.S. Securities and Exchange Commission and third-party data aggregators. Specific figures for ETF inflows and assets under management were sourced from SoSoValue. Share counts and equity holdings reflect data disclosed in EverSource Wealth Advisors' most recent 13F filing. No independent verification of the underlying positions was conducted; readers should consult official SEC filings and issuer disclosures for authoritative data.