Jane Street Boosts Stake in Bitwise XRP Spot ETF to Over 1.2 Million Shares

Jane Street Group has increased its stake in Bitwise's XRP spot ETF to over 1.2 million shares, representing a 60-fold surge from 20,605 shares three months prior.

The holding was revealed in Jane Street's 2026 second-quarter Form 13F filed with the U.S. Securities and Exchange Commission.

Jane Street is known for its market making and arbitrage strengths, leading some to question whether this large expansion in holdings is a long-term directional bet on XRP or simply part of providing liquidity across products or a trading strategy.

The firm's holdings in other XRP spot ETFs from Franklin Templeton, Grayscale, Canary Capital, and 21Shares have also been disclosed, with Jane Street spreading its investment across multiple products.