Canada’s Bank of Montreal (BMO) (BMO.TO) has reported a minimal position in XRP-related exchange-traded funds as part of its latest quarterly holdings disclosure to US regulators. The Form 13F-HR filing, submitted on August 12, 2026, covers reportable securities held as of June 30, 2026, and shows total assets of approximately $303.65 billion across more than 14,000 positions.
Within this portfolio, the bank listed two small XRP-linked entries valued at a combined $2,970.
These consist of 323 shares of the REX-Osprey XRP ETF (valued at about $2,771) and 20 shares of the ProShares Ultra XRP ETF (valued at roughly $199).
Both positions are attributed to Stoker Ostler Wealth Advisors Inc., a BMO-controlled investment adviser identified as one of the other managers in the consolidated report.
The exposure represents an infinitesimal fraction of the overall holdings—roughly one part in 102 million, or about 0.000001% of the portfolio’s total value.
Implied per-share values in the filing were approximately $8.58 for the REX-Osprey product and $9.95 for the ProShares fund.
Importantly, BMO did not acquire XRP tokens directly on cryptocurrency exchanges.
Instead, the exposure comes through regulated US-listed exchange-traded products, keeping the investment within traditional securities frameworks and avoiding direct custody of the digital asset.
The REX-Osprey XRP ETF aims to track XRP’s performance, though it operates under an Investment Company Act of 1940 structure that some analysts have noted is not a pure spot vehicle.
The ProShares Ultra XRP ETF, by contrast, seeks leveraged daily returns (targeting twice the daily move of XRP) and uses futures and derivatives rather than holding the token itself.
This distinction means the two positions offer different risk and return profiles within the broader portfolio.
Form 13F filings require institutional investment managers overseeing at least $100 million in certain US securities to disclose their long positions quarterly.
These reports arrive with a lag of up to 45 days after the quarter ends, so the June 30 snapshot became public in mid-August.
They do not capture short positions, direct cryptocurrency holdings outside reportable securities, or any trades executed after the reporting date.
Investment discretion over the accounts, rather than beneficial ownership of the assets, triggers inclusion in the filing.
As a result, the disclosure does not confirm that BMO or Stoker Ostler beneficially owned the shares for their own account; the positions could relate to advisory clients.
BMO ranks among North America’s larger banks, with substantial assets, deposits, and a wide customer base across Canada and the United States.
The appearance of even a token-sized XRP-linked stake in its 13F report adds to a pattern of traditional financial institutions gaining regulated exposure to the cryptocurrency through ETFs rather than direct token ownership.
Other Canadian banks have similarly disclosed limited positions in XRP-focused funds in recent filings.
Industry professionals now generally note that earlier large institutional holders of XRP-related products have sometimes reduced positions, while smaller managers and family offices have entered the space.
Because 13F data is delayed and static, current holdings may already differ from the June 30 figures.
The next quarterly report will reflect positions as of September 30, 2026.
This disclosure underscores how major banks are cautiously incorporating digital asset exposure via familiar, regulated investment vehicles. While the dollar amount is negligible relative to BMO’s overall portfolio, it marks another instance of XRP-linked products appearing on the books of a North American financial institution.
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