UBS has disclosed roughly $1.5 million in XRP-related holdings through two investment vehicles, according to a filing with the U.S. Securities and Exchange Commission. The Swiss banking giant holds 197,369 shares of the Volatility Shares XRP ETF and 317 shares of the Grayscale XRP Trust, marking one of the most detailed public disclosures of institutional XRP exposure to date.
How the holdings break down
The disclosure covers two separate positions. The larger chunk is in the Volatility Shares XRP ETF, a fund that began trading late last year. The smaller position is in the Grayscale XRP Trust, a vehicle that offers institutional-grade exposure to the digital asset. Combined, the two holdings total roughly $1.5 million at current prices. The filing did not specify whether UBS plans to increase or reduce those positions.
A decade-long Ripple connection
UBS has had ties to Ripple since 2016, when it joined RippleNet as one of seven major banks to pilot the network for cross-border payments. In 2023, UBS became a strategic partner at Tenity, a fintech innovation platform. Ripple itself joined Tenity as a co-investor in 2024, deepening the overlap between the two firms. The SEC filing does not link the holdings to those earlier partnerships, but the pattern underscores years of engagement with Ripple’s ecosystem.
XRP ETF inflows hit $1.32 billion
The disclosure comes as XRP exchange-traded funds have drawn significant investor interest. Total inflows into XRP ETFs have reached $1.32 billion since launch. Between May 4 and May 6 alone, funds pulled in $28.1 million, suggesting steady demand from both retail and institutional buyers. UBS’s relatively modest position is part of a broader wave of institutional allocation, though it remains a small fraction of the bank’s overall $1.7 trillion in assets under management.
Price still far from peak
XRP traded at $1.41 at press time, up 2% over the past 24 hours. That gain tracks with a broader crypto market uptick but still leaves the token 61% below its all-time high of $3.65, set in January 2018. The gap between recent ETF demand and the price suggests that institutional flows have not yet translated into a sustained rally. Whether UBS and other big banks will expand their XRP exposure beyond these initial stakes remains an open question.
