Largest Canadian Bank Announces Formation of Cryptocurrency Portfolio: Includes Bitcoin and Selected Altcoin!

cryptonews.ruPublished on 2026-08-11Last updated on 2026-08-11

Abstract

Canada's National Bank has disclosed significant investments in cryptocurrency ETFs in its latest 13F filing. Its portfolio includes a $330,000 position in the Bitwise XRP ETF and major stakes in Bitcoin ETFs, notably $5.31 million in the ProShares Bitcoin ETF and $1.09 million in the Fidelity Wise Origin Bitcoin Fund. The bank also holds shares in Grayscale's Bitcoin Trust and Bitcoin Mini Trust ETFs. This move follows news of Grayscale's substantial XRP sales in early 2026. In total, the bank's reported crypto ETF holdings amount to approximately $6.98 million across five funds.

As US cryptocurrency ETFs continue to attract significant investor interest, another major bank has disclosed information about its holdings in ETFs.

Accordingly, the National Bank of Canada, in its latest 13F filing submitted to the US Securities and Exchange Commission, reported owning millions of dollars worth of cryptocurrency ETFs, including an $XRP ETF and various Bitcoin ETFs.

This announcement followed a report from Grayscale about significant sales of $XRP through its $XRP Trust ETF in the first half of 2026.

One of the most notable positions mentioned in the document was the Bitwise $XRP ETF. It was stated that the National Bank of Canada owned 3,848 shares of the Bitwise $XRP ETF, valued at approximately $330,000.

The National Bank's largest declared cryptocurrency investment was the ProShares Bitcoin ETF.

The bank reported holding 42,321 shares of the ProShares Bitcoin ETF, valued at approximately $5.31 million. Additionally, it stated it held 55,644 shares of the Fidelity Wise Origin Bitcoin Fund, valued at approximately $1.09 million.

The filed documents also indicate that the entity owned 6,831 shares of the Grayscale Bitcoin Trust ETF, representing a position in Grayscale Bitcoin worth approximately $150,000, and 2,596 shares of the Grayscale Bitcoin Mini Trust ETF, reportedly valued at approximately $100,000.

Bitwise announced the acquisition of stakes in five US cryptocurrency ETFs, including an $XRP ETF, bringing the total value of the five funds to approximately $6.98 million.

*This is not investment advice.

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Related Questions

QWhich major Canadian bank recently disclosed its holdings in cryptocurrency ETFs according to the article?

AThe National Bank of Canada.

QWhat specific altcoin ETF was a notable part of the National Bank of Canada's disclosed crypto portfolio?

AThe Bitwise XRP ETF.

QWhat was the largest crypto-related investment by value that the National Bank of Canada announced?

AThe ProShares Bitcoin ETF, with 42,321 shares valued at approximately $5.31 million.

QWhat event related to Grayscale's XRP Trust preceded the National Bank of Canada's disclosure?

AGrayscale's report of significant sales of XRP through its XRP Trust in the first half of 2026.

QWhat was the total approximate value of the five US cryptocurrency ETFs that Bitwise announced it had taken a stake in?

AApproximately $6.98 million.

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1.8k Total ViewsPublished 2025.05.13Updated 2025.05.13

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