Jane Street Reports Major Position Across XRP ETF

Jane Street Group reported holding more than 1.2 million shares of Bitwise’s XRP ETF as of June 30, 2026, up from 20,605 shares three months earlier. The 60-fold increase appeared in the trading firm’s second-quarter Form 13F filed with the SEC.

The filing highlights Jane Street’s position in the XRP ETF market, but its role as a major market maker that actively trades ETFs and options means the holding should not necessarily be viewed as a simple long-term directional bet on XRP.

Jane Street’s Q2 2026 Form 13F covers holdings as of June 30. The filing reported more than 1.2 million Bitwise XRP ETF shares, compared with 20,605 ordinary shares at the end of the first quarter.

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The firm also reported exposure to XRP-related funds from Franklin Templeton, Grayscale, Canary Capital, and 21Shares. That places Jane Street across several XRP ETF products rather than solely in Bitwise’s fund.

Bitwise’s product stands out because it holds spot XRP, unlike other ETFs tracking the asset. The fund launched in November, a few weeks after Canary Capital’s ETF reached Wall Street, and has since become the largest of the group discussed in the filings.

The XRP increase in reported shares is substantial, but Jane Street’s market-making and ETF and options trading activities provide important context. The source material cautions that the position should not automatically be treated as a straightforward long-term bet on XRP.

The filing establishes the firm’s reportable securities position at the June 30 cutoff. On its own, that reported position does not establish Jane Street’s investment intention or the duration for which it plans to hold the shares.

Jane Street’s reported stake nevertheless makes it a leading participant in XRP ETF adoption among the institutions cited in the filings.

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Bank of America reported 13,260 shares of the Volatility Shares XRP ETF, a position valued at about $76,000. Unlike Bitwise’s product, the Volatility Shares ETF is not a spot ETF.

Morgan Stanley reported positions in three XRP-related funds at the end 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. The holdings are small relative to Morgan Stanley’s overall portfolio, but add to the list of institutions reporting regulated XRP exposure.

Other reported positions included nearly 200,000 Bitwise XRP ETF shares held by Wolverine Asset Management and 86,744 Capital XRP ETF shares reported by Gallacher Capital Management. Main Street Group and National Bank of Canada reported holding 5,261 and 3,848 XRP-related shares, respectively.

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