IMC-Chicago Piles into XRP ETFs Amid Bullish Sentiment
IMC-Chicago, a Chicago-based market maker with $418 billion in assets under management (AUM), has disclosed massive holdings in XRP ETFs. The firm's Q2 filing with the US SEC revealed significant exposure to multiple XRP exchange-traded funds. IMC-Chicago boosted its total portfolio value by almost 50% this quarter amid rising interest in crypto and other areas.
The trading giant purchased 28,237 shares in Bitwise XRP ETF, 12,207 shares in Teucrium 2x Long Daily XRP ETF (XXRP), and 10,531 shares in Volatility Shares 2x XRP ETF (XRPT). Additionally, IMC-Chicago opened new call bets in Bitwise XRP ETF and XXRP, indicating a bullish stance on XRP.
The firm's increased exposure to XRP comes as institutional interest continues to grow. EverSource Wealth Advisors recently disclosed significant holdings in multiple XRP funds, while Bank of America (BofA) holds 13,000 shares of the Volatility Shares XRP exchange-traded fund.