National Bank of Canada Backs XRP Amid Shift in Institutional Crypto Strategy

The National Bank of Canada has revealed its XRP holdings through exchange-traded funds (ETFs), defying critics who question its inclusion. This move comes as MicroStrategy, a major Bitcoin treasury holder, sells off some of its BTC reserves multiple times this year.

Michael Saylor's company is no longer adhering to its 'never sell' mantra, which has been in place for some time. Meanwhile, the National Bank of Canada seems to be betting on XRP as part of its portfolio.

This shift in strategy highlights a possible change in the crypto landscape, where institutions are reevaluating their investment approaches and challenging traditional norms.