Bank of Montreal Discloses XRP Holdings in Massive Portfolio

Bank of Montreal (BMO) has disclosed its holdings in XRP-focused financial vehicles as part of its $303 billion portfolio. The bank's latest quarterly Form 13F-HR filing with the U.S. Securities and Exchange Commission reveals positions in two XRP ETFs: Rex Osprey XRP ETF and ProShares Ultra XRP ETF.

The bank's reportable positions include 323 shares of the Rex Osprey XRP ETF and 20 shares of the ProShares Ultra XRP ETF, valued at a combined total that is not specified in the source. BMO did not directly purchase tokens on exchanges but used regulated U.S. infrastructure through spot and derivatives-based ETF products.

This development marks another instance where Canadian banks have invested in XRP. Earlier this year, National Bank of Canada disclosed holdings in the Bitwise XRP ETF worth around $330,000. This trend suggests that conservative capital is increasingly adopting a selective approach to entering the cryptocurrency market through transparent funds.

The 13F filings also indicate a shift in the ownership structure among XRP holders. Major first-wave players like Goldman Sachs have reduced or exited their positions, while midsize asset managers and family offices such as Arax Advisory Partners, Gerber, Vista Finance, and Gallacher Capital are taking on more flexible approaches to investing in XRP.