National Bank of Canada Reports Holdings in XRP and Bitcoin ETFs

National Bank of Canada has made its crypto holdings public through a Form 13F filing. The bank reported owning 3,848 shares of Bitwise's XRP ETF, valued at roughly $330,000, and approximately $6.4 million in ProShares and Fidelity Bitcoin ETF exposure as of June 30, 2026.

The distinction between this type of holding is crucial: the bank does not hold physical tokens on-chain but instead reports positions in listed investment products. This marks another instance of regulated financial institutions using crypto wrappers for portfolio exposure.

13F filings provide insight into large investment managers' holdings at the end of a reporting period, offering a window into institutional positioning. The XRP ETF position is especially noteworthy as it suggests institutions are testing broader crypto products beyond Bitcoin.