National Bank of Canada’s latest 13F filing reveals the bank holds US-listed crypto investment products — including a small position in an XRP ETF and several Bitcoin ETF stakes — underscoring how traditional institutions are gaining crypto exposure through regulated securities rather than direct token custody. What the filing shows - As of June 30, 2026, the bank reported 3,848 shares of Bitwise’s XRP ETF, worth roughly $330,000. - It also disclosed about $6.4 million of exposure to Bitcoin ETFs from ProShares and Fidelity. Important distinction: ETF exposure, not on-chain holdings These are positions in listed investment products, not direct holdings of XRP or Bitcoin. National Bank does not appear as an on-chain holder of tokens or a custodian of private keys — it owns securities that track crypto, which matters for compliance, custody risk, and how the bank integrates crypto exposure into traditional portfolios. Why this matters - Institutional adoption via ETFs: The filing is another data point showing regulated financial institutions increasingly use crypto “wrappers” — ETFs, trusts and similar products — to gain exposure without taking on the operational and regulatory burdens of direct custody. - BTC remains dominant: The ~$6.4 million in Bitcoin ETF exposure dwarfs the XRP position, reflecting Bitcoin’s entrenched role in institutional allocations and the deeper ETF market for BTC. - XRP’s presence is notable: Even though the $330,000 XRP ETF stake is small for a major bank, its inclusion signals that institutions are at least exploring crypto products beyond Bitcoin. That suggests broader altcoin ETF adoption is beginning, albeit at modest scale. Context and caveats Form 13F filings are backward-looking snapshots of what large managers held at the end of a reporting period. They provide useful transparency into institutional positioning but are not real-time and can be incomplete. Interpreting a bank’s ETF holdings is different from assuming direct token custody, so conclusions about operational readiness and risk appetite should reflect that difference. Bottom line National Bank of Canada’s August 2026 13F adds to the evidence that mainstream institutions are normalizing crypto exposure through regulated securities. Bitcoin continues to lead in scale and acceptance; XRP-linked products are appearing, but so far at smaller, exploratory levels. This article is based on National Bank of Canada’s August 2026 Form 13F filing and information published on the SEC’s EDGAR platform. Written by the News Desk; edited by Samuel Rae.
National Bank of Canada's 13F Shows $6.4M in Bitcoin ETFs and $330K in XRP ETF
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Summary
National Bank of Canada’s latest 13F filing reveals $6.4 million in Bitcoin ETF news and a $330,000 position in an XRP ETF as of June 30, 2026. The exposure comes through listed investment products, not direct token holdings. ETF news highlights growing institutional interest in crypto via regulated vehicles. The filing shows how traditional banks are accessing digital assets through familiar structures. No direct custody of tokens is involved in these positions.
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