Bank of Montreal (BMO) has disclosed positions in XRP-linked exchange-traded funds through its Form 13F-HR filing with the U.S. Securities and Exchange Commission. The filing, which reflects holdings as of June 30, 2026, shows XRP exposure within BMO's investment portfolio valued at more than $303 billion.

According to the SEC filing, the bank reported holding 323 shares of the Rex Osprey XRP ETF and 20 shares of the ProShares Ultra XRP ETF, a product designed to deliver twice the daily price return of XRP. BMO gained exposure to XRP through regulated, U.S.-listed fund products rather than purchasing the cryptocurrency directly, a strategy that provides access to XRP price movements without requiring direct crypto custody—an approach that aligns with how traditional financial institutions have typically entered digital asset markets, prioritizing regulatory compliance and operational simplicity over direct token ownership.

While the positions represent a small fraction of BMO's overall portfolio, the disclosure places XRP-linked products among the bank's reportable U.S. securities investments for the quarter ending June 30, 2026. The appearance of XRP ETFs on major bank balance sheets, even in modest quantities, marks a notable step for institutional adoption of crypto-linked products following the approval and launch of spot and derivative-based XRP ETFs in the U.S.

National Bank of Canada also reported XRP exposure during the same reporting period. The institution disclosed 3,848 shares in the Bitwise XRP ETF, valued at approximately $330,000.

Both filings illustrate a pattern among Canadian banks of using regulated, listed financial products to access cryptocurrency markets rather than holding digital tokens directly.

The latest round of 13F reports also reveals shifts among larger XRP fund holders. Goldman Sachs, which had previously reported XRP-related positions exceeding $150 million during late 2025 and early 2026, had reduced or exited those holdings by summer 2026.

New holders identified in recent filings include Arax Advisory Partners, Gerber, Vista Finance, and Gallacher Capital. These firms utilized a range of products, including the Franklin XRP Trust, Bitwise funds, and the leveraged ProShares Ultra XRP ETF.

The data suggests XRP fund ownership is transitioning from larger early investors toward midsize asset managers and family offices, a shift consistent with the maturation cycle seen in other ETF categories where initial large-institutional participation gives way to broader adoption across the advisory and wealth management sectors.

Form 13F filings are submitted to the SEC by institutional investment managers and can arrive up to 45 days after the end of each calendar quarter. They disclose reportable securities positions as of the filing date and do not necessarily reflect real-time trading activity or current holdings.