Key facts
- National Bank of Canada holds 3,848 shares in the Bitwise XRP ETF, valued at $330,000.
- The bank's largest crypto holding is in the ProShares Bitcoin ETF, valued at $5.31 million.
- Total disclosed holdings in XRP and Bitcoin ETFs amount to approximately $6.98 million.
- Grayscale's XRP Trust ETF sold $180.78 million of XRP in the first half of 2026.
- Grayscale incurred over $34 million in realized losses from these XRP sales.
National Bank of Canada has disclosed its holdings in cryptocurrency exchange-traded funds, revealing significant investments in both XRP and Bitcoin ETFs through its latest SEC Form 13F filing. The bank reported holding 3,848 shares of the Bitwise XRP ETF, valued at approximately $330,000.
In addition to XRP exposure, National Bank of Canada detailed substantial investments in various Bitcoin ETFs. Its largest cryptocurrency holding is in the ProShares Bitcoin ETF, with 42,321 shares valued at about $5.31 million. The bank also holds 55,644 shares of the Fidelity Wise Origin Bitcoin Fund, worth approximately $1.09 million, and 6,831 shares of the Grayscale Bitcoin Trust ETF, representing about $150,000. A further 2,596 shares of the Grayscale Bitcoin Mini Trust ETF were reported, valued at around $100,000.
Collectively, the disclosed holdings in XRP and Bitcoin ETFs amount to approximately $6.98 million based on the filing's valuations. This institutional disclosure comes shortly after Grayscale's XRP Trust ETF announced substantial sales of XRP, totaling $180.78 million in the first half of 2026 to manage investor redemptions. These sales resulted in over $34 million in realized losses for Grayscale.