Morgan Stanley Holds Ripple-Linked Armada Shares
Morgan Stanley also reported 50,540 shares of Armada Acquisition Corp II in its Q2 filing. Armada is linked to Evernorth Holdings, a Ripple backed company focused on building an XRP treasury.
The position adds another XRP related investment to Morgan Stanley’s portfolio beyond its ETF holdings.
XRP ETF Demand Holds Up, While Price Drops
Following Morgan Stanley’s XRP ETF holdings disclosure, XRP ETFs recorded $2.25 million in daily net inflows, taking cumulative net inflows to $1.51 billion. As of 13 August, total ETF net assets stood at $942.25 million.
Despite this demand, XRP price has continued to fall and is now nearly 72% below its peak, trading around $1, with its market cap at about $163 billion.
The $1 level remains important for XRP. Holding above this level could help the price stabilize, while a sustained break below $1 could lead to further selling pressure.
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