Key Points
- Jane Street expanded its Bitwise XRP ETF common-share position by approximately 5,733% throughout Q2 2026.
- The trading firm reported ownership of 1,205,067 common shares valued at roughly $14.05 million as of June 30.
- Additional call options covering 15,100 underlying ETF shares were disclosed separately by Jane Street.
- Goldman Sachs maintained the largest position with approximately 2.21 million shares in the fund.
- The filing represents June 30 positions and does not reveal current ownership or strategic intent.
Jane Street Group expanded its stake in the Bitwise XRP ETF to 1,205,067 common shares throughout the second quarter of 2026. The holding represented approximately $14.05 million in value as of June 30.
Dramatic Position Expansion Revealed
The trading firm disclosed its holdings through a Form 13F filing submitted to the U.S. Securities and Exchange Commission on August 14. While this date reflects when the document was filed, the actual position data corresponds to the end of June.
The common share total represents a surge of approximately 5,733% compared to the firm’s previous quarter holding of about 20,600 shares. Jane Street additionally disclosed call options representing 15,100 underlying shares, with an underlying value reported near $176,000. This options figure references the value of the shares those contracts control, rather than the premium paid for the options themselves.
Meanwhile, September 24 analysis documented rising XRP ETF inflows, showing $19.16 million entering Bitwise on September 22. These subsequent flows represent overall fund activity rather than Jane Street’s specific trading behavior.
Institutional Ownership Landscape
Among disclosed institutional holders, Jane Street secured the second-largest position in the fund according to the most recent ownership records. Goldman Sachs held the top spot with roughly 2.21 million shares representing $25.76 million at quarter-end.
The Bitwise XRP ETF debuted in November 2025 and operates on NYSE Arca with the ticker symbol XRP. The fund maintains direct spot XRP holdings and applies a 0.34% management fee, offering investors price exposure through publicly traded shares.
Separate reporting on September 26 highlighted fresh daily inflows totaling $22.65 million across U.S. spot XRP ETFs on September 25. Bitwise captured $18.39 million of this total, with Franklin Templeton securing the remaining $4.26 million.
Understanding Filing Constraints
As of September 27, Bitwise disclosed approximately $616.4 million in total assets with 36.99 million shares outstanding. Jane Street’s June position represents roughly 3.3% of that subsequent share count. The differing dates mean the filing cannot verify the firm’s present ownership level.
September 29 reporting detailed weekly XRP ETF inflows reaching approximately $75.59 million during September 21–25. Bitwise accounted for roughly $58.99 million of that weekly total. These metrics measure capital flowing into the funds generally, separate from any individual institution’s buy or sell decisions.
Jane Street functions primarily as a trading and market-making operation. Form 13F filings capture certain long positions but exclude comprehensive information about short positions and hedging activities. The disclosure consequently does not confirm a directional bullish stance on XRP or provide visibility into any trades executed beyond June 30. The filing similarly offers no explanation for the firm’s decision to substantially increase its common share position during the quarter.
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