National Bank of Canada Joins Institutional Ledger with XRP Holdings

XRP's price surged 1.42% to $1.02 on August 11, as traders bet on a rebound from the critical $1.00 support level ahead of the U.S. inflation report.

The move was driven by a massive speculative buildup in derivatives, with open interest surging $171 million in one hour and funding rates spiking over 200% to 0.03059%, indicating a strong bullish bias among derivatives traders.

National Bank of Canada has disclosed positions in both an XRP ETF and several Bitcoin ETFs through a regulatory filing with the U.S. Securities and Exchange Commission, revealing that it held 3,848 shares in the Bitwise $XRP ETF (about $330,000) and 42,321 shares in the ProShares Bitcoin ETF (about $5.31 million).

The disclosure follows Grayscale's report that it sold $180.78 million worth of XRP in the first half of 2026, about 103.41 million XRP to meet redemptions, and recorded over $34 million of realised losses on those sales.