National Bank of Canada Reveals XRP and Bitcoin ETF Holdings

National Bank of Canada has disclosed its holdings in US-listed crypto investment products, including shares tied to an XRP ETF and several Bitcoin ETF positions.

The bank reported 3,848 shares of Bitwise’s XRP ETF, valued at roughly $330,000, along with approximately $6.4 million in ProShares and Fidelity Bitcoin ETF exposure.

The distinction here is important: this is ETF exposure, not direct custody of XRP or BTC. The bank is not holding physical tokens on-chain; it's reporting positions in listed investment products.

This filing shows regulated financial institutions continuing to use crypto wrappers for portfolio exposure, which may signal a growing trend towards institutional adoption.