- Jane Street Group reported holding more than 1.2 million shares of Bitwise’s XRP ETF as of June 30, 2026, up dramatically from 20,605 shares at the end of the previous quarter. The roughly 60-fold increase was disclosed in the firm’s Q2 Form 13F filing with the SEC.
- The disclosure gives Jane Street a significant presence in the XRP ETF market. However, its position should not automatically be interpreted as a long-term bet on XRP because the firm operates as a major market maker and regularly trades ETFs and options.
- Jane Street’s latest 13F provides a snapshot of its reportable holdings at the end of June. The firm’s Bitwise XRP ETF position rose from 20,605 shares in the first quarter to more than 1.2 million shares three months later.
- Jane Street also reported holdings in XRP-related products from Franklin Templeton, Grayscale, Canary Capital and 21Shares, indicating exposure across several ETFs rather than just Bitwise’s offering.
- Bitwise’s XRP ETF differs from some competing products by holding spot XRP directly. The fund began trading in November, several weeks after Canary Capital launched its own XRP ETF, and has since become the largest among the funds referenced in the filings.
- The filing only captures Jane Street’s securities exposure at the June 30 reporting date. It does not indicate whether the firm plans to retain the shares or disclose the investment strategy behind the position.
- Nevertheless, the size of the holding places Jane Street among the most notable institutional participants in the XRP ETF market based on the latest disclosures.
- Morgan Stanley also reported positions in three XRP-related ETFs at the end of the second quarter. The bank held 6,715 shares of Franklin Templeton’s XRP ETF, 255 shares of REX-Osprey’s fund and 567 shares of Bitwise’s ETF.
- Although Morgan Stanley’s positions are modest relative to its overall holdings, they add another major financial institution to the list of firms reporting exposure to regulated XRP investment products.
- Additional filings showed Wolverine Asset Management holding nearly 200,000 shares of Bitwise’s XRP ETF, while Gallacher Capital Management reported 86,744 shares of the 21Shares XRP ETF. Main Street Group disclosed 5,261 XRP-related shares, and National Bank of Canada reported 3,848 shares.
Jane Street Discloses Large XRP ETF Exposure
