markets
Charles Schwab: Schwab Filing Lists $11.39M in XRP ETF Shares as Repo Collateral
The September 8 filing from Schwab Prime Advantage Money Fund N-MFP3 records approximately 11.39 million dollars in XRP ETF shares from Bitwise, Canary, Franklin, and Grayscale as collateral for repurchase agreements with JPMorgan and Bank of America as of August 31.
Schwab’s September 8 filing lists roughly 11.39 million dollars in XRP ETF shares held as repo collateral.
The position covers Bitwise, Canary, Franklin, and Grayscale products and sits inside the Prime Advantage Money Fund N-MFP3. Counterparties listed are JPMorgan and Bank of America. The shares back repurchase agreements rather than represent a direct purchase by the fund.
Price snapshot on September 9
CoinGecko data at 7:57 p.m. ET shows BTC at 78,255 dollars, down 0.2 percent. ETH trades at 2,466.64 dollars, off 0.7 percent. XRP sits at 1.39 dollars after a 1.6 percent decline. SOL prints 101.61 dollars, lower by 1.7 percent. DOGE moves at 0.086157 dollars, down 4.3 percent.
The chart for XRP shows a modest red candle that follows several sessions of range-bound action. Volume remains moderate, and price has not yet tested the recent low near 1.35 dollars. Majors overall continue to chop inside narrow bands while traders wait for clearer direction.
What the filing signals
Collateral use in repurchase agreements indicates traditional finance desks are willing to accept XRP ETF shares as acceptable margin. That step differs from an outright purchase but still adds to visible institutional infrastructure around the asset. Traders who watch custody flows and prime brokerage filings can treat this data point as one more brick in the wall of regulated exposure.
Summer months already showed rising collateral balances across several money market funds. The August 31 snapshot continues that pattern and keeps XRP in the mix alongside other digital asset products.
Reader next steps
Check the next N-MFP filings when they drop for any increase or decrease in the XRP line item. Compare the numbers against open interest on perps and spot ETF flows reported by the issuers. If the collateral figure climbs, it can serve as an early signal that more traditional desks are comfortable holding the product in overnight funding operations.
Set alerts on CoinGecko or similar trackers for XRP price moves around the 1.35 dollar and 1.45 dollar levels. Watch how the next batch of ETF creations or redemptions lines up with any fresh collateral updates.
Community voices such as Christian Barker (Barkmeta / Bark) and David Chaboki (Shibo) have highlighted the filing while discussing infrastructure rails that connect Doginal Dogs culture to broader market plumbing. Their commentary frames the data as one more example of how established finance touches the ecosystem without requiring direct ownership changes.
Staying positioned
Spot holders can continue to monitor ETF share creation volumes as a proxy for demand. Perps traders may look at funding rates around XRP to see whether the collateral news shifts sentiment enough to push open interest higher. Both groups benefit from keeping the next monthly filings on their calendar rather than reacting to single-day price swings.
The distinction between collateral and direct buying remains important. Collateral can be unwound quickly if market conditions change, so the move does not lock in permanent demand. Still, each new line item in a Schwab filing adds another layer of visibility that was absent only a few years ago.
Review the full N-MFP3 document on the SEC site and cross-reference the listed ETF tickers with the issuers’ own daily flow reports. That habit keeps the focus on verifiable numbers instead of headline noise.