National Bank of Canada revealed a $330,000 position in XRP through the Bitwise XRP ETF in a Form 13F filing dated August 10, 2026, covering holdings as of June 30.
The bank holds 3,848 shares of the Bitwise XRP ETF, according to the filing. The disclosure places one of Canada's largest financial institutions in a measured position in a cryptocurrency asset class through a regulated exchange-traded product rather than direct holdings or a treasury allocation.
Form 13F filings are required quarterly from institutional investment managers with at least $100 million in assets under management. The National Bank of Canada's crypto holdings through ETFs show a path toward regulated products for institutional exposure to digital assets, rather than direct or custodial arrangements that many peer institutions have pursued. The bank's position sits alongside holdings in Bitcoin ETFs disclosed in the same filing.
The Bitwise XRP ETF launched in 2024 and is structured to track the performance of XRP. It operates under SEC oversight as a spot cryptocurrency ETF, providing institutional investors with a traditional investment vehicle format rather than requiring exposure through futures contracts or decentralized platforms.
Canadian financial institutions have expanded crypto product offerings over the past two years as regulatory clarity on spot ETFs improved. The National Bank of Canada's disclosure through the SEC filing system, despite being a Canadian entity, indicates how institutions now report digital asset positions across jurisdictions as holdings cross into U.S.-listed products.
The $330,000 position represents a modest allocation for an institution of the bank's scale. The timing of the disclosure occurs during a period of renewed institutional interest in XRP.
Institutional adoption of crypto ETFs continues to expand the total addressable market for digital asset products, with Canadian banks now routinely disclosing positions that were less common among traditional finance operators three years ago.
