Wall Street Quietly Loads Up on XRP ETFs as Morgan Stanley and Jane Street Disclose Positions

2 hour ago 2 sources positive

Key takeaways:

  • Jane Street's 1.2 million-share jump likely reflects market-making inventory, not bullish conviction.
  • Small Morgan Stanley and BofA positions suggest client-driven exposure, limiting price impact.
  • XRP's near-low price despite ETF disclosures signals weak underlying spot demand.

Wall Street institutions continued to report XRP ETF exposure in Q2 2026 13F filings, with Jane Street Group emerging as the largest disclosed holder among the latest filers. The trading firm reported more than 1.2 million shares of the Bitwise XRP ETF as of June 30, up sharply from just 20,605 shares at the end of Q1. Jane Street also disclosed exposure to other XRP-related funds from Franklin Templeton, Grayscale, Canary Capital, and 21Shares.

Morgan Stanley reported XRP ETF positions across three products: 6,715 shares of Franklin XRP ETF, 255 shares of REX-Osprey product, and 567 shares of Bitwise counterpart. While these positions are small relative to Morgan Stanley's overall portfolio, they place XRP exposure inside a conventional institutional reporting framework rather than direct cryptocurrency ownership.

Bank of America reported 13,260 shares of the Volatility Shares XRP ETF worth about $76,000, while UBS was also among prominent names reporting XRP-related ETF positions. Other disclosures included Wolverine Asset Management with nearly 200,000 Bitwise XRP ETF shares, Gallacher Capital Management with 86,744 Capital XRP ETF shares, Main Street Group with 5,261 shares, and National Bank of Canada with 3,848 shares of XRP-related products.

Sanctuary Advisors added another institutional signal, reporting a combined 26,698 Franklin XRP ETF shares across two displayed positions: 4,000 shares valued near $45,400 and 22,698 shares valued around $257,622. One of the positions was flagged as a call.

The 13F filings are historical snapshots as of June 30 and do not necessarily confirm positions remaining after quarter-end. The disclosures arrive with XRP trading around $1.02 as of August 13, near recent lows, according to market data. Analysts caution that a single quarter cannot establish a sustained accumulation cycle, but the filings provide a verifiable record of regulated XRP access through established financial markets.

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