JPMorgan XRP ETF Holding Climbs to 539 Shares in 13F

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The bank filed the Form 13F-HR with the SEC on November 12, 2026. EDGAR accepted it the same day. The document covers long positions held at quarter-end, so it offers a snapshot rather than a live picture.

What the JPMorgan XRP ETF Filing Shows

The relevant line names the Bitwise XRP ETF, ticker XRP, under CUSIP 09174F107. It records 539 shares and a reported value of $8,996. The fund trades on NYSE Arca and lists Bitwise Asset Management as issuer.

That figure sits inside a very large report. The full information table lists roughly 35,990 entries worth about $1.843 trillion. As a result, the XRP line represents a rounding error against the total.

You can check the numbers directly. The filing index and the information table both appear on SEC EDGAR under accession number 0000019617-26-000404. The XRP ETF line sits in the quarter-end information table.

How the Position Changed From Last Quarter

The share count did rise sharply. JPMorgan’s Q2 2026 filing, dated June 30, listed only 113 Bitwise XRP ETF shares worth roughly $1,356. So the new figure marks an increase of 426 shares, or about 377%.

In dollar terms, the position grew by roughly $7,640. That still leaves it near nine thousand dollars. The sum barely registers next to the bank’s broader book.

Meanwhile, one line quietly disappeared. The Q2 filing also held 181 shares of Grayscale’s XRP product, worth about $3,763. The Q3 filing drops that Grayscale line entirely, so net XRP exposure stays negligible.

Why the 55ip Attribution Matters

The filing attributes the position to another included manager, 55I, LLC. It sits under “other” investment discretion with no voting authority. That detail changes how you should read the number.

55I, LLC runs the 55ip platform. The unit is a JPMorgan Asset Management affiliate built for advisor and client model portfolios. Because the shares sit under “other” discretion, they likely reflect client or model-driven activity.

Large banks routinely appear in 13Fs with ETF shares tied to market-making, client facilitation, or authorized-participant inventory. Consequently, this line looks consistent with client model portfolios rather than a proprietary XRP bet. No statement from JPMorgan, Bitwise, or the SEC addresses the specific line.

What a 13F Does and Does Not Reveal

A Form 13F is a quarterly report. The SEC requires it from institutional managers that oversee at least $100 million in covered securities. Filers must report long positions as of quarter-end, within 45 days.

The information table lists each name, CUSIP, value, share count, discretion type, and voting authority. However, it does not show short positions, net exposure, or the reason behind a trade. So a single line rarely tells the full story on its own.

Context Behind the XRP ETF Numbers

Spot XRP ETFs launched in the United States in November 2025. The Bitwise XRP ETF began trading around November 20 of that year. Grayscale, Franklin, Canary, and 21Shares soon followed.

JPMorgan’s own exposure has swung around since then. The bank held 3,870 Bitwise shares in late 2025, then zero in Q1 2026. It then reported 113 Bitwise plus 181 Grayscale shares in Q2, and now 539 Bitwise shares in Q3. In short, the pattern reads as fluctuating inventory, not steady accumulation.

For scale, aggregate Bitwise XRP ETF holdings sat near 407 million XRP in mid-November, worth roughly $420 million. According to flow data, US spot XRP ETFs have drawn cumulative net inflows of about $1.7 billion since launch.

JPMorgan has long kept a wary distance from XRP. The bank framed its 2019 JPM Coin launch as a rival settlement tool. More recently, it joined tokenized Treasury pilots that touch Ripple and XRPL infrastructure, yet it has not endorsed XRP as a bank settlement asset.

Market Reaction and What Comes Next

No measurable price move traces back to this disclosure. XRP traded near $1.02 on November 13, 2026. That marked a drop of about 2% on the day and roughly 37% below October highs near $1.60.

Broader crypto markets stayed heavy, with recent sessions showing more than $700 million in liquidations. Still, the filing covers a September 30 snapshot, so it tells you little about current positioning.

XRP-focused social accounts framed the line as Wall Street accumulation during the dip. Analysts, by contrast, stress the tiny size and the client-platform attribution. A 13F lists what a manager held, yet it does not explain why.

The next JPMorgan XRP ETF update will arrive with the Q4 filing in early 2027. Until then, the September snapshot stands as the latest word. Readers should treat an $8,996 line as context, not conviction. This article is not financial advice.