Jane Street Emerges Among Key Institutions Driving XRP ETF Inflows

In major XRP news today, trading giant Jane Street Group has emerged as a key institutional player driving inflows into XRP ETFs. The firm Jane Street has joined financial heavyweights such as Goldman Sachs and Susquehanna in scooping up XRP holdings.

Big XRP News: Jane Street Reveals Massive Holdings

According to the latest US SEC filing, global quantitative trading firm Jane Street has disclosed significant holdings in multiple XRP ETFs. This signals rising institutional interest in the crypto asset.

Jane Street holds 84,582 shares worth $1,735,623 in Bitwise XRP ETF, 17,250 shares in REX-Osprey XRP ETF, and 330,839 shares in Volatility Shares XRP ETF. The trading giant also held shares in Volatility Shares 2X XRP ETF, along with massive put and calls in Volatility Shares ETFs.

Jane Street is the 3rd largest holder in the Bitwise XRP ETF, after Goldman Sachs and Sloy Dahl & Holst LLC. Also, JPMorgan Chase is the 4th largest holder with 3870 shares.

Goldman Sachs and Jane Street are the largest institutional holders of XRP ETFs, with their holdings diversified across multiple ETFs. Notably, Jane Street has also increased holdings in BlackRock Bitcoin ETF (IBIT).

XRP ETFs Record Fourth Outflow Since Launch

XRP ETFs saw net outflows of $6.42 million, the fourth outflow since launch. The outflow occurred due to $8.91 million in redemptions from the Grayscale XRP ETF (GXRP) amid bearish sentiment in the broader crypto market. Notably, Bank of America also disclosed its XRP ETF holdings recently.

Canary Capital’s XRPC led inflows with $1.44 million, followed by $737.47K in Franklin Templeton’s XRPZ and $303.92K in Bitwise XRP ETF, according to SoSoValue data.

As a result, the total assets reach $970.66 million and total inflow stands at $1.22 billion. The decline happened amid whale selloffs ahead of XRP options expiry and US CPI inflation data.

XRP price wavers near $1.35 after 2% drop over the past 24 hours. The 24-hour low and high are $1.35 and $1.40, respectively. Furthermore, trading volume slumped another 19% in the last 24 hours, indicating a decline in interest among traders.