Jane Street Drives Institutional Interest in XRP ETFs
- Jane Street is now the third-largest holder in the Bitwise XRP ETF, following Goldman Sachs and Sloy Dahl & Holst LLC.
- The firm disclosed significant holdings in multiple XRP ETFs, indicating rising institutional interest in the asset.
- XRP ETFs experienced net outflows of $6.42 million, marking their fourth outflow since launch.
- Canary Capital’s XRPC led inflows with $1.44 million, while Franklin Templeton’s XRPZ and Bitwise XRP ETF saw inflows of $737.47K and $303.92K, respectively.
- Total assets in XRP ETFs reached $970.66 million with total inflows at $1.22 billion amid bearish market sentiment.
The recent disclosures from Jane Street and other institutions reflect a growing interest in ETFs linked to XRP despite recent market challenges, including whale selloffs and inflation data releases.
With Jane Street’s substantial holdings contributing to overall institutional engagement, the decline of $6.42 million in net outflows highlights ongoing volatility within the crypto market.(Source)
