Another Canadian Bank Steps Into XRP Funds

TLDR

• Bank of Montreal disclosed XRP exposure through two regulated U.S.-listed ETF products in its latest 13F filing.
• BMO held 323 shares of the Rex Osprey XRP ETF and 20 shares of the ProShares Ultra XRP ETF.
• The positions formed part of BMO’s investment portfolio, valued at more than $303 billion at the end of June 2026.
• National Bank of Canada also reported XRP exposure through 3,848 shares of the Bitwise XRP ETF.
• Recent 13F filings show XRP fund ownership shifting from larger early investors toward midsize asset managers and family offices.
• The filings reflect holdings as of June 30 and may not represent current positions because 13F reports can arrive up to 45 days later.

Bank of Montreal disclosed positions in XRP-linked exchange-traded funds in its Form 13F-HR filing with the U.S. Securities and Exchange Commission. The filing shows XRP exposure in BMO’s $303 billion portfolio as of June 30, 2026.

The bank reported 323 shares of the Rex Osprey XRP ETF and 20 shares of the ProShares Ultra XRP ETF. BMO used regulated funds rather than buying XRP directly.

XRP Enters BMO Portfolio Through ETFs

The filing shows how BMO gained exposure through products traded in established financial markets. The approach gives the bank access to XRP price moves while avoiding direct crypto custody.

The position remains small compared with BMO’s portfolio. Still, the disclosure places XRP-linked products among the bank’s reportable U.S. investments for the quarter.

National Bank of Canada also reported XRP exposure during the same period. It disclosed 3,848 shares in the Bitwise XRP ETF, valued at about $330,000.

Both filings show Canadian banks using regulated funds to access cryptocurrency markets. The institutions selected listed products rather than direct token ownership.

Institutional XRP Holdings Shift

The latest 13F reports also show changes among larger XRP fund holders. Goldman Sachs, which previously reported positions worth more than $150 million around late 2025 and early 2026, had reduced or exited them by summer.

New holders included Arax Advisory Partners, Gerber, Vista Finance and Gallacher Capital. These firms used the Franklin XRP Trust, Bitwise funds and the leveraged ProShares Ultra XRP ETF.

Form 13F filings arrive up to 45 days after each quarter ends. They show reportable securities positions, not real-time trading activity.

BMO’s filing reflects holdings as of June 30, 2026. It confirms regulated XRP investment exposure at another major Canadian bank.

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