Jane Street Lifts XRP ETF Stake 5,733% to 1.2M Shares

Jane Street's 5,733% ETF Build

The buying has not paused. Institutional investors have kept raising their exposure to spot XRP exchange-traded products quarter after quarter, and the latest regulatory filing shows the pattern ran straight through the second quarter. Jane Street, the New York-based trading firm and market maker, grew its position in Bitwise's XRP spot ETF by 5,733% during Q2, according to its 13F report filed with the U.S. Securities and Exchange Commission. The stake now stands above 1.2 million shares, valued at roughly $14 million, a steep climb from the 20,605 shares the firm reported at the end of Q1. That makes Jane Street the most aggressive buyer among the major Wall Street institutions that disclosed positions in the fund. A 13F is the quarterly disclosure every institutional manager with more than $100 million in U.S. equities must submit, which makes it one of the cleaner public records of who accumulates what. Bitwise's product is one of the spot XRP ETFs listed in the United States, giving traditional portfolios direct exposure to the token without handling custody themselves. Jane Street's prior position was small enough that the quarterly change reads less like rebalancing and more like a deliberate build. The firm had already appeared among the fund's institutional holders earlier in the year; what changed this quarter is scale, not participation. As a liquidity provider, the firm sits on both sides of ETF trading flow, so a position of this size both services the shares' secondary market and carries directional exposure. XRP price itself barely moved as the disclosure circulated, trading at $1.4930 with a 0.25% gain over 24 hours as of 23:10 UTC. The flat tape is part of the story: the filing changes the ownership record, not the intraday flow, and the level has stayed near $1.49 through the session.

Bitwise Fund Crosses 401 Million XRP

The fund behind the stake expanded along with it. Bitwise's XRP spot ETF added 14,182,111.60 XRP in just the two days between Monday, Sept. 21 and Wednesday, Sept. 23, pushing the fund's net assets past 401.3 million XRP and total value above $613 million, per its disclosed holdings record. The pace is the notable part: two trading days produced an addition of more than 14 million tokens, a rate that compounds the fund quickly if it continues. Institutional accumulation of this kind does not show up on a single candle; it registers as steadier demand under the order book across weeks. Goldman Sachs appears alongside Jane Street among the top institutional holders, and the pairing points to a strategy that connects futures and derivatives desks with the spot ETF itself, the kind of two-sided book a liquidity operation maintains rather than a passive allocation. Both entries came in the same Q2 filing cycle, which means the concentration at the top of the holder list is recent. Analysts read the quarter's disclosures as structural portfolio inclusion rather than one-off trading: regulatory uncertainty around the token has eased, and work on the XRP Ledger's fundamentals continues, including the on-chain LendingProtocolV1_1 validator vote on its lending protocol. Diversification demand has grown with it; Grayscale's Currencies Sector weighting puts XRP near 6% of Bitcoin's market cap. The supply side runs the other way. Ripple's recurring escrow releases, such as the recent 1 billion XRP unlock worth $1.49 billion, keep new tokens entering circulation against this demand. Even so, analysts view large market participants accumulating fund shares as a firming of downside support and an anchor for long-term institutional flow, consistent with broader XRP ETF flows tracked through the quarter. For readers weighing participation at current levels, our guide on how to buy XRP covers venue selection, fees and custody basics.

$1.47 Support and the Standing Range

COINOTAG's proprietary 42-indicator composite S/R scoring engine rates the $1.4744 support at 73/100, driven by the Bollinger Band middle, SMA 20 and EMA 20, with the deeper $1.3699 shelf stronger at 87/100 on Ichimoku Senkou A, SMA 50 and Fibonacci 0.500. Resistance is lighter: $1.6999 scores 54/100. Trend reads as an uptrend, MACD bearish, RSI at 56.14, and Fear & Greed at 74 sits in greed territory where FOMO entries cluster. Funding holds at 0.0056%, open interest at $1.08 billion, long/short at 2.85 with 74% long. A daily close below $1.3699 would invalidate the setup; while $1.4744 holds, the standing condition persists. Jane Street's filing shifted none of it: XRP sits 0.2% above its level when the report landed.