National Bank Reveals Crypto Holdings Amid Grayscale's Massive XRP Sales

Canada's National Bank has revealed its holdings in several crypto exchange-traded funds (ETFs), including an XRP ETF and multiple Bitcoin ETFs, in a recent SEC Form 13F filing. The disclosure follows Grayscale's XRP Trust ETF reporting significant XRP sales.

The bank holds 3,848 shares in the Bitwise XRP ETF, worth approximately $330,000 at the time of the filing. This is part of its exposure to various Bitcoin exchange-traded products, with the largest being the ProShares Bitcoin ETF, which consists of 42,321 shares valued at around $5.31 million.

National Bank also owns 55,644 shares of the Fidelity Wise Origin Bitcoin Fund, worth approximately $1.09 million, and has a smaller holding in Grayscale's Bitcoin Trust ETF.