Jane Street Builds Notable Exposure to XRP ETF
- Jane Street Group sharply increased its reported exposure to Bitwise’s XRP ETF, holding more than 1.2 million shares as of June 30, 2026, compared with 20,605 shares at the end of the first quarter. The position expanded by roughly 60 times in three months.
- The increase appeared in Jane Street’s Q2 Form 13F filing submitted to the U.S. Securities and Exchange Commission.
- The disclosure highlights Jane Street’s growing involvement in XRP-linked exchange-traded funds, although the position should not necessarily be viewed as a straightforward bullish bet on XRP. The firm is a major market maker and frequently trades ETFs and options as part of its operations.
- Jane Street’s filing reflects its reportable securities holdings at the June 30 quarter-end. Its position in Bitwise’s XRP ETF increased from 20,605 shares reported three months earlier to more than 1.2 million shares.
- The firm also disclosed positions in XRP-related funds managed by Franklin Templeton, Grayscale, Canary Capital and 21Shares, showing that its activity extends across several XRP ETF products.
- Bitwise’s ETF directly holds spot XRP, distinguishing it from some other products in the market. The fund launched in November, a few weeks after Canary Capital introduced its XRP ETF, and has since become the largest among the products referenced in the filings.
- The 13F provides only a quarter-end snapshot of Jane Street’s reportable holdings. It does not disclose whether the firm plans to maintain the position, how long it expects to hold the shares or whether the exposure is connected to market-making activity.
- Despite those limitations, Jane Street’s position ranks among the larger institutional XRP ETF holdings disclosed in recent filings.
- Morgan Stanley also reported exposure to three XRP-related ETFs at the end of June. Its holdings 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 filings showed Wolverine Asset Management holding nearly 200,000 shares of Bitwise’s XRP ETF and Gallacher Capital Management holding 86,744 shares of the 21Shares XRP ETF. Main Street Group reported 5,261 XRP-related shares, while National Bank of Canada disclosed 3,848 shares.
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