Institutional Interest Expanding Beyond Bitcoin to XRP. Here’s the Latest

Institutions now mention XRP in the same sentence as Bitcoin in formal financial filings.

The report describes this as “signaling institutional interest in crypto assets beyond Bitcoin.” This is a documented fact in a formal index report, not speculation.

The Report and its Placement

The Nasdaq CME Crypto Index report covers a week in which the NCI fell 3.0%. Bitcoin fell 3.2%. ETH fell 1.9%, SOL fell 2.7%, with LINK the only positive constituent at +13.7%. Despite the broader index decline, the National Bank of Canada’s XRP ETF disclosure appears under Key Developments, a section reserved for significant institutional events.

That placement is deliberate. It sits alongside Russia opening crypto access to non-qualified investors and crypto firms engaging AI companies to strengthen security infrastructure.

Excitement in the Community

The National Bank of Canada is Not Alone

This disclosure does not exist in isolation. Goldman Sachs reclaimed its position as the largest disclosed spot XRP ETF holder in Q2 2026, with 84 million tokens representing $87.4 million in exposure across five separate XRP ETF products.

Jane Street Group, one of the world’s most active trading firms, disclosed positions across multiple XRP ETFs in its Q2 13F filing, including over 1.2 million shares of the Bitwise XRP ETF alone.

Jane Street’s involvement is significant because the firm operates as a market maker. Its presence across the XRP ETF ecosystem reflects structural engagement, not simply a portfolio allocation.

A Record That Keeps Growing

For years, the institutional narrative around crypto centered almost entirely on Bitcoin. XRP is now gaining significant ground. Q2 2026 has produced more institutional XRP ETF disclosures than any prior quarter. Trading firms, investment banks, commercial banks, and private equity firms all filed in the same cycle, and the list grows.