Japanese Giant Rakuten Joins Institutional XRP ETF Holders
AI summary
Rakuten Group disclosed in its latest 13F filing that it holds Bitwise's XRP ETF as part of a $6.42 million U.S. crypto ETF portfolio. The Japanese tech conglomerate's position adds a large, recognizable corporate name to the list of institutional XRP ETF holders. Traders may read the disclosure as a modest vote of confidence in XRP exposure through regulated U.S. vehicles, though the dollar amount is small relative to Rakuten's balance sheet.
