Japanese conglomerate Rakuten Group holds shares of Bitwise's spot XRP ETF, its latest 13F filing shows. The filing comes as spot XRP ETFs record outflows.
Rakuten Group is among the institutional holders of a U.S. spot XRP ETF, according to its latest 13F filing with the SEC. The company also holds funds tracking Bitcoin, Ethereum and Solana, and the positions were worth roughly $6.42 million combined at the end of the quarter on Sept. 30, 2026.
Rakuten's XRP stake is worth about $77,000
The filing shows Rakuten held 6,690 shares of the Bitwise XRP ETF worth $111,255. At press time, XRP stands at $1.03. According to SoSoValue, the Bitwise fund trades at $11.51, so the stake is now worth about $77,000.
Rakuten is not the only institutional investor in the new XRP funds. Raymond James Financial has also disclosed positions in spot XRP ETFs, according to SEC filings.
Bitcoin ETF is Rakuten's largest crypto position
Rakuten's largest position is BlackRock's iShares Bitcoin Trust ETF, of which it held $5,893,593 worth of shares at the end of the third quarter. It also owns $263,632 of the iShares Ethereum Trust ETF and $150,728 of the Bitwise Solana Staking ETF.
Rakuten holds about $1.4 billion in U.S. equities, most of it in shares of satellite operator AST SpaceMobile. In this context, the crypto ETF positions make up less than 0.5% of its U.S. portfolio. Rakuten's market capitalization stands at about ¥1.4 trillion ($9 billion).
Spot XRP ETFs post outflows
The filing arrives amid outflows from spot XRP ETFs. According to SoSoValue, the funds lost $10.42 million on Nov. 9 and another $7.62 million on Nov. 10, with no flows on Nov. 11 and Nov. 12.
Still, cumulative net inflow stands at $1.79 billion. The funds' total net assets are $1.16 billion, or 1.77% of the market cap of XRP. The Bitwise XRP ETF is the largest of the five spot XRP funds, with net assets of $420.29 million.
Source: U.Today
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