Japanese technology and finance group Rakuten has disclosed a position in a spot XRP exchange-traded fund traded in the United States, according to its quarterly 13F filing with the U.S. Securities and Exchange Commission (SEC).

The filing shows a stake in the Bitwise XRP ETF valued at $111,255. The position sits inside a crypto ETF portfolio the group disclosed in the same filing. Because Form 13F submissions follow a standardized format, line items like this one serve as one of the few uniform public records of how institutional managers allocate to U.S.-listed crypto funds.

What a 13F Filing Contains

Form 13F is a quarterly disclosure that institutional investment managers must submit to the SEC when they exercise investment discretion over $100 million or more in qualifying securities. Filings are due within 45 days after the end of each calendar quarter and itemize U.S.-listed equity holdings, including exchange-traded funds. The values reported in a 13F reflect holdings as of the end of the quarter the filing covers; positions opened or closed after that date surface only in the next filing, making each successive quarterly report the next checkpoint for tracking changes to a disclosed stake.

About Bitwise

Bitwise Asset Management is a San Francisco-based crypto asset manager founded in 2017, known for its crypto index products and spot crypto exchange-traded funds, including spot Bitcoin and spot Ethereum ETFs listed in the United States. Its XRP fund follows that spot structure: spot crypto ETFs hold the underlying asset directly, so shares trade like other listed funds and can be bought or sold through standard brokerage accounts.

About Rakuten

Rakuten, founded in 1997 and headquartered in Tokyo, operates businesses spanning e-commerce, banking, payments and mobile telecommunications. The group entered the digital asset sector in 2018 through the acquisition of a Japanese crypto exchange, which it later rebranded as Rakuten Wallet.

This disclosure was first reported by COINOTAG.