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- Morgan Stanley disclosed small positions in two regulated XRP-linked fund products.
- XRPI offers futures-based XRP exposure, while GXRP holds the underlying token directly.
- Morgan Stanley also filed plans for a Solana trust that may include SOL staking rewards.
Morgan Stanley revealed holdings in the funds tied to XRP in its most recent quarterly 13F filing with the SEC. The report revealed minimal exposure to two regulated XRP products. The disclosure sparked interest as both funds provide investors with access to the XRP market via traditional investment accounts.
It listed 1,700 shares of the Volatility Shares Trust XRP ETF. The position was valued at about $12,886. It also included 100 shares of Grayscale XRP Trust ETF (CUSIP: 38965L106), ticker GXRP, valued at approximately $2,602.
Morgan Stanley Filing Highlights XRPI and GXRP Exposure
Volatility Shares Trust XRP ETF (XRPI) is a futures-based exchange-traded fund. It began trading in May 2025 and provides 1x leverage on XRP price movements. It offers a chance for investors to see the performance of XRP without having to hold the digital asset directly.
XRPI is managed by Volatility Shares and has exposure via futures contracts. The fund’s net expense ratio, after waivers, is approximately 0.94%. Morgan Stanley’s filing follows others such as financial firms and advisers disclosing stances on XRP and Bitcoin ETF offerings.
The Grayscale XRP Trust ETF is a spot-based instrument that holds XRP outright. The trust was established in 2024 and subsequently became an ETF in November 2025 on the exchange NYSE Arca. The management fee on the fund is 0.35%.
GXRP’s AUM was approximately $70.5 million as of early May 2026. At the time, the fund was holding approximately 53 million XRP. It also reportedly had almost 2.77 million shares outstanding.
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Form 13F is used by institutional investment managers who manage over $100 million in assets. These are certain discretionary securities holdings and are reported after the reporting period. They do not reflect the full picture of all positions, trading activity, and client-level exposure.
MSOL Filing Details Custody, Staking, and Fund Structure
On May 20, 2026, Morgan Stanley Investment Management also registered a Morgan Stanley Solana Trust. This document included information on custody management, staking, and operation. The proposed product is called MSOL for future listing.
The proposed Solana trust will be designed to mirror Solana’s performance based on the CoinDesk Solana Benchmark 4 PM NY Settlement Rate. It would be part of a strategy for a passive approach. The filing added the trust can stake up to 100% of SOL holdings as per liquidity and regulatory norms.
At the time of writing, XRP was trading at $1.31, according to CoinMarketCap. The token was down 1.09% in the past 24 hours and 2.37% over the last seven days. It climbed close to $1.36 last week but dropped again after mid-week strength.
The disclosures illustrate the representation of regulated crypto funds in institutional disclosures. This shows that exposure can remain small inside large reported books, even when large financial firms report positions. Investors should read the original Securities and Exchange Commission (SEC) EDGAR filings prior to the purchase of crypto-linked instruments.
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