SEC filings dated June 30 reveal that prominent Wall Street institutions, including Jane Street Group, Bank of America, and Morgan Stanley, have reported holdings in XRP-related Exchange Traded Funds (ETFs). These disclosures provide insight into institutional engagement with digital asset investment products during the second quarter.
Jane Street Group reported the most substantial exposure, holding over 1.2 million shares of the Bitwise XRP ETF. This represents a significant increase from the end of the first quarter, when the firm held 20,605 ordinary Bitwise XRP ETF shares, according to data. While Jane Street is a major market maker actively trading ETFs and options, the scale of its XRP ETF holdings is notable.
Bank of America disclosed holdings of 13,260 shares in the Volatility Shares XRP ETF, a position valued at approximately $76,000. Morgan Stanley reported positions across three XRP-related funds by the end of the second quarter. According to SEC filings, these holdings are considered insignificant relative to the firm’s overall portfolio.
The filings detail reportable securities positions as of June 30. Among other disclosed holdings, Jane Street reported 200,000 shares of the Bitwise XRP ETF and 567 shares of Bitwise’s XRP counterpart. Bank of America’s filings also indicated 6,715 shares of Franklin’s XRP ETF and 255 shares of a REX-Osprey XRP product.
Other entities mentioned in relation to XRP ETF holdings include UBS, Franklin Templeton, Grayscale, Canary Capital, 21Shares, Volatility Shares, REX-Osprey, Wolverine Asset Management, Gallacher Capital Management, Main Street Group, and the National Bank of Canada. Specific share numbers for some of these entities were not detailed in the provided information.
Data shows that the Bitwise XRP ETF, launched in November, has become a significant product. The substantial increase in Jane Street’s Bitwise XRP ETF holdings from Q1 to Q2 indicates a notable shift in its position. It is important to note that the Volatility Shares XRP ETF, unlike the Bitwise product which tracks spot XRP, is not a spot ETF.
These disclosures add to a growing list of institutions reporting regulated XRP exposure. However, the exact motivations behind these holdings remain subject to interpretation. For instance, Jane Street’s involvement may not solely represent a long-term directional bet on XRP. Furthermore, the exact number of shares for some mentioned entities remains uncertain.
Why This Matters
The materials describe a narrow update: Financial institutions, including Jane Street, Bank of America, and Morgan Stanley, have disclosed their ownership of XRP-related ETFs in recent SEC filings covering holdings as of June 30. Whether Jane Street’s significant XRP ETF holdings represent a simple long-term directional bet.
Broader Context
Source materials place the factual news in this context: The broader landscape around XRP and the ETFs behind it is nowhere near the peaks from last year.
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