National Bank of Canada’s latest Form 13F filing reveals the bank holds US-listed crypto investment products — including an XRP-linked ETF and multiple Bitcoin ETF positions — underscoring how traditional banks are using regulated securities to gain crypto exposure. Key numbers - 3,848 shares of Bitwise’s XRP ETF, valued at about $330,000 (holdings reported as of June 30, 2026). - Roughly $6.4 million of exposure across ProShares and Fidelity Bitcoin ETFs. Important distinction These are ETF positions, not on-chain token custody. The bank owns listed securities that track or reference crypto assets; it does not hold private keys or custody XRP or BTC directly. That difference matters for how we interpret the bank’s operational stance and risk appetite: ETF exposure signals comfort with crypto within a securities and regulatory framework, not with direct, on-chain participation. Why the filing matters - Form 13F filings are backward-looking snapshots, but they offer a clear window into institutional positioning at the end of a quarter. - A major bank disclosing crypto ETF holdings adds another data point to the narrative of institutional adoption — especially when those holdings include assets beyond Bitcoin. - The relatively small XRP position suggests experimentation: institutions are testing broader crypto products even as Bitcoin remains the dominant allocation. Context and takeaway Bitcoin ETF exposure remains far larger and more established, reflecting BTC’s leading role in traditional portfolios. XRP-linked exposure is still modest, but visible — notable for supporters and observers tracking whether altcoins enter mainstream institutional channels. Overall, the filing illustrates a common path for regulated institutions: gaining crypto exposure through ETFs, trusts, and other wrappers that fit existing compliance and custody models, rather than moving straight to on-chain custody. Source and credits This summary is based on National Bank of Canada’s August 2026 Form 13F filing (holdings as of June 30, 2026) as reported via SEC filings. Written by the News Desk; edited by Samuel Rae. Read more AI-generated news on: undefined/news