$4.1B Farmers & Merchants Investments Discloses XRP, Bitcoin ETF, Robinhood Holdings
Bank holding company Farmers & Merchants Investments, which manages about $4.1 billion, disclosed in an SEC 13F filing that it holds 2,374 shares of the Bitwise XRP ETF worth roughly $30,000, plus 261 shares of BlackRock's iShares Bitcoin Trust and 475 Robinhood shares. The positions are tiny relative to its portfolio but add to a run of traditional-finance allocations to spot crypto ETFs.
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