XRP ETF Holdings Surge on Wall Street
The number of Wall Street firms holding XRP-based ETFs has grown significantly, according to recent filings. Jane Street reported over 1.2 million shares of Bitwise's XRP ETF at the end of June, a massive increase from just 20,605 shares three months earlier.
This jump is all the more notable given that Jane Street is one of the biggest ETF and options market makers on Wall Street. The firm could be holding shares for trading, hedging, or liquidity provision rather than a pure directional call on XRP's price.
Wells Fargo also showed up in the filings with $9.18 million of exposure to the same fund. This disclosure carries weight due to the bank's massive asset base of $2.2 trillion.
The distinction between Bitwise's product holding spot XRP and other funds may matter to institutions looking for clean, regulated exposure without having to touch the token directly.