Jane Street Reports Major Position Across XRP ETFs
Jane Street Group has disclosed a significant increase in its holdings of Bitwise’s XRP Exchange Traded Fund (ETF), reporting over 1.2 million shares as of June 30, 2026. This marks a substantial jump from the 20,605 shares held just three months prior, a more than 60-fold increase detailed in the trading firm’s second-quarter Form 13F filing with the Securities and Exchange Commission (SEC).
While this filing underscores Jane Street’s prominent position within the XRP ETF market, its role as a major market maker actively involved in trading ETFs and options suggests that these holdings should not be interpreted as a simple, long-term directional bet on XRP.
The firm’s Q2 2026 Form 13F, which covers positions as of June 30, revealed the substantial increase in Bitwise XRP ETF shares. Beyond Bitwise, Jane Street also reported exposure to XRP-related funds from Franklin Templeton, Grayscale, Canary Capital, and 21Shares, indicating a diversified approach across several XRP ETF products rather than a singular focus on Bitwise’s offering.
Bitwise’s XRP ETF distinguishes itself by holding spot XRP, a feature not present in other ETFs tracking the asset. Launched in November, shortly after Canary Capital’s ETF debuted on Wall Street, the Bitwise fund has since grown to become the largest among the XRP ETFs mentioned in the filings.
The considerable increase in reported XRP ETF shares held by Jane Street is noteworthy, but the firm’s market-making activities and its extensive trading in ETFs and options provide crucial context. As such, the position should not be automatically construed as a straightforward long-term investment in XRP. The filing establishes Jane Street’s reportable securities as of the June 30 cutoff, but this data alone does not reveal the firm’s specific investment intentions or the planned duration of its holdings. Nevertheless, Jane Street’s reported stake positions it as a leading institutional participant in the adoption of XRP ETFs among those entities listed in the filings.
In other institutional activity, Bank of America reported holding 13,260 shares of the Volatility Shares XRP ETF, a position valued at approximately $76,000. Notably, the Volatility Shares ETF is not a spot XRP ETF, unlike Bitwise’s product.
Morgan Stanley also disclosed positions in three XRP-related funds at the close of the second quarter: 6,715 shares of Franklin’s XRP ETF, 255 shares of REX-Osprey’s product, and 567 shares of Bitwise’s fund. While these holdings are relatively small in the context of Morgan Stanley’s overall portfolio, they contribute to the growing list of institutions reporting regulated exposure to XRP.
Additional reported positions include nearly 200,000 Bitwise XRP ETF shares held by Wolverine Asset Management and 86,744 shares of the Capital XRP ETF reported by Gallacher Capital Management. Main Street Group and the National Bank of Canada reported holding 5,261 and 3,848 XRP-related shares, respectively.
