Major Wall Street institutions including Jane Street, Bank of America, and Morgan Stanley have accumulated significant positions in XRP ETFs, with Jane Street holding over 1.2M shares of the Bitwise XRP ETF.
Macro & Markets ·
Jane Street, Bank of America, and Morgan Stanley have disclosed holdings in XRP exchange-traded funds, according to recent SEC filings. Jane Street's position in the Bitwise XRP ETF—which holds spot XRP directly—stands at over 1.2 million shares, a substantial jump from the 20,605 shares the firm held at the close of the first quarter. Other major financial entities including Wolverine Asset Management and Gallacher Capital Management have also taken stakes in XRP-focused funds.
The accumulation reflects continued appetite among regulated Wall Street players for direct XRP exposure through registered investment vehicles. These positions emerged in an environment characterized as less favorable for crypto markets broadly. The shift toward ETF-based holdings provides institutional participants with a standardized mechanism to gain XRP exposure.
What remains unclear is whether these purchases signal a longer-term strategic positioning or a shorter-term trading move, the timing and sequencing of acquisitions across these firms, or how holdings may have shifted since the filing period ended.