According to the current 13F filing with the United States Securities and Exchange Commission (SEC), Marex, a Nasdaq-listed financial services company, reported holdings owned a total of $9.4 million about 1.49 billion yen in two (2) XRP spot ETFs as of Q1 of 2026.
After the 13F filing with the SEC, Marex ranks as the third-largest institutional investor in U.S. XRP ETFs, noting major increases in the market, with its holdings by about 51% in quarter-over-quarter acquisitions.
Currently, Goldman Sachs and Millennium Management persist as top holders, leading the market with over $152.16 million or 24.15 billion yen and $27 million or 4.28 billion yen in XRP ETFs, respectively. Moreover, Marex has extended its holdings to second only to both firms in Q1, which emphasizes its fast accumulation of XRP tied products.
Canary XRP ETFs Increases Holdings While Bitwise XRP ETF Acquire New Acquisition
The Canary XRP ETF owns 356,865 shares, valued at $5.1 million or 810 million yen. The shares show a 51% increase from 173,298 in the previous quarter, while the 13F filing with SEC shows that Marex had a major increase in XRP ETFs in a short period of time. Furthermore, Marez has covered 286,021 shares of the Bitwise XRP ETF as a new purchase, valued at $4.3 million, approximately 680 million yen.
The U.S. SEC 13F filing requires firm investors handling securities over $100 million about 15.8 billion yen in the U.S. to broadcasts their holdings on a quarterly basis, delivering transparency into Marex’s expanding influence in the CRP ETF market.
Moving Toward The Goldman Millenium
Goldman Sachs holds first place in terms of XRP ETF with approximately $152.16 million over 24.15 billion yen while remaining a dominant holding size.
This follows Millenium Management, which manages more than $27 million of about 4.28 billion yen in several spot XRP funds, establishing both firms as the core holding institutions in the market.
Notwithstanding, the size of Marex’s holdings is less than the top two firms; the rise in the Q1 is at a significant level among major firms, and it has shown that it has extended its holding in a short period of time.
Meanwhile, Ripple is also extending its system for financial institutions and interest in the increasing leverage of XRP.
Strategy Stocks And STRK Rose Meanwhile TON stocks declined
Marex has expanded its shares in Strategy, a Bitcoin-focused company with approximately 2.9 million to 3.4 million shares.
In contrast, the call options on strategy stocks decreased from 108,100 shares to 65,500 shares due to a shift to lessen derivatives-related positions while growing physical stock holdings.
The firm has also a major increase in its shares of Strategy’s non-maturing preferred stock STRK from 4,400 to 16,401 shares, expanding its investment linked stocks.
In addition, TON Strategy and Bitmine Immersion Technologies are decreasing, and there is a transition to have alternative investment targets.
Cryptocurrency ETF Holdings Continue To Expand
The CME is scheduled to list a virtual currency basket futures that consolidates Bitcoin and XRP on June 8, and the system is still developing.
A broader range of institutional investors, such as university funds and management firms, are consolidating cryptocurrency-related ETFs into their profile, covering the prestigious Dartmouth College Fund incorporating a new Solana ETF.
Overall, Marex is projected to continue raising its holdings in XRP ETFs heading into the Q2 filing, noting a possible growth in institutional adoption of XRP-based products.