Schwab Money Market Fund includes four XRP spot ETFs in repurchase collateral

On September 9, Schwab Financial's money market fund disclosed on August 31 that four XRP spot ETF shares of Gray, Canary, Franklin and Bitwise were used as collateral for repurchase agreements. The total size of the repurchase agreement is nearly US$4 billion, and the counterparties are JPMorgan Chase Securities and Bank of America Securities. The size of XRPETF collateral increased from $36,000 in April to $8.32 million in August. When Schwab Monetary Fund lends cash, the borrower uses a securities basket as guarantee.（Bitcoin.com）