Jane Street Lifts XRP ETF Stake 5,733% to 1.2 Million Shares, Filing Shows
Key Takeaways
- •Jane Street raised its position in Bitwise's spot XRP exchange-traded fund by 5,733% in the second quarter, its holding to 1.2 million shares.
- •The disclosure was made through a Form 13F filing, which institutional managers overseeing $100 million or more in U.S.-listed equities must submit within 45 days of each quarter's end.
- •Because Jane Street operates as a major ETF market maker, portions of its reported holdings can reflect inventory accumulated through trading operations rather than directional investment bets.
- •Percentage increases as large as 5,733% often indicate that the original position started from a very small base, a standard caveat when interpreting quarter-over-quarter 13F comparisons.
- •Spot XRP ETFs began trading in the United States in late 2025, giving investors access to XRP, the native token of the XRP Ledger, through standard brokerage accounts instead of direct asset custody.
Jane Street Lifts XRP ETF Stake 5,733% to 1.2 Million Shares, Filing Shows
Institutional investors have kept raising their exposure to spot XRP exchange-traded products quarter after quarter, and the latest regulatory filing shows the pattern ran straight through the second quarter. Among the firms disclosed is Jane Street, the New York-based trading firm and market maker, which expanded its position by a wide margin over the period.
According to the filing, Jane Street lifted its stake in the spot XRP exchange-traded fund by 5,733%, bringing its holding to 1.2 million shares. Percentage moves of that size typically reflect a position that started from a small base — one of the standard caveats that applies when reading quarter-over-quarter 13F comparisons.
A Window Into Institutional Positioning
The disclosure comes via the quarterly holdings reports that institutional investment managers are required to file with the U.S. Securities and Exchange Commission. Under Form 13F rules, managers that exercise discretion over $100 million or more in U.S.-listed equities must report their long positions within 45 days of the end of each quarter, making the filings one of the most direct public records of how major firms are allocated across exchange-traded products. Because each report captures holdings as of a single quarter-end date, the resulting picture is a retrospective snapshot rather than a real-time view of how positions stand today.
Jane Street is one of the world's largest proprietary trading firms and a leading liquidity provider in the ETF market. The firm has become an increasingly visible participant in crypto-linked markets, and its quarterly filings are closely followed for what they show about the involvement of major trading desks in digital-asset products. As a market maker, some of its disclosed holdings can reflect inventory built in the course of trading operations, a nuance commonly noted when interpreting 13F positions.
Background on the Fund and the Asset
The fund at the center of the disclosure is Bitwise's spot XRP exchange-traded fund, according to the source report. Spot XRP ETFs began trading in the United States in late 2025, giving investors exposure to XRP, the native token of the XRP Ledger, through standard brokerage accounts rather than direct custody of the asset. The filing cycle itself offers a natural next checkpoint: the same quarterly process produces disclosures from other large managers, allowing Jane Street's XRP ETF allocation to be compared alongside the rest of the field, and the next round of 13F reports — due within 45 days after the current quarter closes — will show where the position stood at the following quarter's end.
This content was first published on COINOTAG: https://en.coinotag.com/jane-street-xrp-etf-stake-33-percent-bitwise
