Bank of Montreal Discloses XRP Holdings in $303 Billion Portfolio
Canadas second-largest bank, Bank of Montreal (BMO), has disclosed positions in XRP-focused financial vehicles. The information appears in its latest quarterly Form 13F-HR filing submitted to the U.S. Securities and Exchange Commission (SEC). The new filing officially confirms the presence of XRP within BMOs massive investment portfolio, whose total value exceeded $303 billion at the end of June 2026. Specifically, the banks reportable positions include 323 shares of the Rex Osprey XRP ETF and 20 shares of the ProShares Ultra XRP ETF. Text file showing XRP ETF from Rex Osprey on Bank of Montreals balance sheet, Source: Form 13F-HR filing The bank did not purchase tokens directly on exchanges. Instead, it used regulated U.S. infrastructure in the form of spot and derivatives-based ETF products, allowing it to integrate the volatile token into a giant portfolio within a familiar legal framework and without direct custody risks. For Canadas banking sector, this is becoming a systemic trend. Earlier in the same reporting period, National Bank of Canada disclosed a holding of 3,848 shares in the Bitwise XRP ETF, worth approximately $330,000. Conservative capital has effectively developed a single playbook: entering the cryptocurrency market selectively and through transparent funds. Trade Crypto Assets New force behind institutional XRP accumulation At the same