Jane Street Group dramatically increased its position in the Bitwise XRP ETF during the second quarter of 2026, with its common-share holdings rising to more than 1.2 million shares worth about $14.05 million at the end of June.
The position was disclosed in Jane Street’s Form 13F filed with the U.S. Securities and Exchange Commission on Aug. 14, 2026. Importantly, Aug. 14 is the filing date; the holdings reflect the firm’s portfolio as of June 30.
Jane Street Raises XRP ETF Position by 5,733%
Jane Street reported 1,205,067 common shares of the Bitwise XRP ETF, valued at approximately $14.05 million at quarter-end. This represented a roughly 5,733% increase from the prior quarter, when the firm held only about 20,600 shares.
The firm separately reported call options representing another 15,100 shares of underlying exposure, valued at about $176,000. Including the call position, Jane Street reported exposure tied to roughly 1.22 million Bitwise XRP ETF shares worth $14.23 million.
This placed Jane Street among the largest reported institutional holders of the fund in Q2. Goldman Sachs held the largest position with approximately 2.21 million shares worth $25.76 million, while Jane Street ranked second in the latest institutional ownership data.
Bitwise XRP ETF Holds Spot XRP
The Bitwise XRP ETF launched in November 2025 and trades on NYSE Arca under the ticker XRP. Unlike a futures product, the fund holds spot XRP to provide investors with exposure to the asset’s price, with lower operating expenses. Its management fee is 0.34%.
Bitwise data shows the fund had grown to approximately $616.4 million in assets under management by Sept. 27, with 36.99 million shares outstanding.
Jane Street’s 1.205 million common shares would have represented roughly 3.3% of the ETF’s current share count, although the comparison uses its June 30 position against the fund’s later September share count.
The filing does not establish that Jane Street still owns the same number of shares today. Form 13F disclosures are quarterly snapshots and do not show transactions made after the reporting date.
It also does not necessarily represent a directional bet on XRP. Jane Street is a major trading and market-making firm, and 13F filings report certain long positions without providing a full picture of shorts, hedges, or the strategy behind individual holdings.
Still, the filing confirms that by June 30, Jane Street had expanded its Bitwise XRP ETF common-share position from roughly 20,600 shares to more than 1.2 million shares in a single quarter.