cpeditor
- Jane Street Group disclosed a major increase in its exposure to Bitwise’s XRP ETF, holding more than 1.2 million shares as of June 30, 2026. That compares with 20,605 shares at the end of March, representing an increase of roughly 60 times.
- The position was revealed in Jane Street’s second-quarter Form 13F filing with the U.S. Securities and Exchange Commission.
- While the disclosure points to significant activity in XRP ETFs, it does not necessarily mean Jane Street is making a long-term bullish bet on XRP. The firm is one of the largest market makers and actively trades ETFs, options and other securities.
- Jane Street’s latest filing provides a snapshot of its reportable holdings on June 30. Its Bitwise XRP ETF position grew substantially from the 20,605 shares reported for the first quarter.
- The trading firm also disclosed positions in XRP-related investment products from Franklin Templeton, Grayscale, Canary Capital and 21Shares, giving it exposure to multiple XRP ETF offerings.
- Bitwise’s product is notable for providing direct exposure to spot XRP. The ETF launched in November, several weeks after Canary Capital introduced its competing fund, and has since become the largest XRP ETF among those referenced in the filings.
- The 13F disclosure confirms Jane Street’s holdings at the quarter-end reporting date but does not reveal the firm’s investment strategy, how long it intends to hold the shares or whether the position was primarily related to market-making activity.
- Even with those limitations, the size of the reported position makes Jane Street one of the more prominent institutional participants in the XRP ETF market.
- Morgan Stanley also reported holdings in three XRP-related ETFs at the end of the second quarter. Its positions included 6,715 shares of Franklin Templeton’s XRP ETF, 255 shares of REX-Osprey’s product and 567 shares of Bitwise’s fund.
- Other institutional disclosures included nearly 200,000 shares of Bitwise’s XRP ETF held by Wolverine Asset Management and 86,744 shares of the 21Shares XRP ETF held by Gallacher Capital Management. Main Street Group reported 5,261 XRP-related shares, while National Bank of Canada disclosed 3,848 shares.
