Jane Street Fully Buys XRP ETF..."Buys 58 Times When Retail Investors Are Shaken Out"

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Global liquidity provider Jane Street has significantly increased its stake in Bitwise's XRP spot ETF by 5,733%, leading the influx of institutional investor funds.

The Crypto Basic reported on October 1 (local time), citing Jane Street's second-quarter 13F report submitted to the U.S. Securities and Exchange Commission (SEC), that its stake in Bitwise's XRP spot ETF surged by approximately 58 times compared to the previous period. Jane Street's holdings of Bitwise XRP spot ETF shares have exceeded 1.2 million, with a total valuation of approximately $14 million. From just 20,605 shares in the first quarter, it aggressively purchased 5,733% more in the second quarter, marking the most significant buying trend among major Wall Street institutions.

The institutions' buying spree is directly leading to an expansion in the overall assets under management of the Bitwise fund. The Bitwise XRP spot ETF further increased its holdings by 14,182,111.60 XRP in just two days, from September 21 to September 23. As a result, the fund's net asset size has surpassed 401.3 million XRP, and its total valuation has exceeded $613 million.

Large asset management firms on Wall Street are also accelerating their stake acquisition. Jane Street, alongside Goldman Sachs, is listed among the top institutional holders, solidifying its liquidity provision strategy by linking derivatives with spot ETFs. The market views the massive buying by large liquidity providers as a signal that strengthens XRP's downside support and establishes long-term institutional demand.

Experts analyzed that the inclusion of XRP spot ETFs by traditional financial institutions has moved beyond simple one-time investments into a phase of structural portfolio integration. It is observed that fundamental improvements in the XRP Ledger, such as the resolution of regulatory uncertainties and the introduction of its own on-chain lending protocols, will drive further inflows of institutional capital.

Jane Street's record increase in its stake demonstrates institutional investors' interest in XRP. The market is keenly watching whether XRP can secure an additional price upward trajectory, leveraging the strong capital inflow from Wall Street 'whales'.

[Article Summary]

-Jane Street increased its stake in Bitwise's XRP spot ETF by 5,733% in Q2, acquiring 1.2 million shares (approx. $14 million).

-The Bitwise fund surpassed a total of 401.3 million XRP, achieving a net asset value of $613 million.

-Large-scale accumulation by Wall Street liquidity providers is expected to strengthen XRP's downside support and institutional capital inflow.

*Disclaimer: This article is for investment reference only, and we are not responsible for any investment losses based on it. The content should be interpreted for informational purposes only.*