Bank of Montreal Filing Reports $2,970 XRP Position in $303B Portfolio

Two Line Items Inside a 14,271-Position Filing

Bank of Montreal (NYSE: BMO) filed a consolidated study containing $2,970 of XRP-linked money shares successful the quarterly holdings study it submitted to the U.S. Securities and Exchange Commission (SEC) connected Aug. 12. The papers covers positions arsenic of June 30 and spans 14,271 entries worthy $303.65 billion.

Two entries transportation the full exposure, and some are attributed to Stoker Ostler Wealth Advisors Inc., a Bank of Montreal-controlled concern advisor listed arsenic different manager 12 successful the filing. One enactment shows 323 shares of the REX-Osprey XRP ETF astatine $2,771. The different lists 20 shares of the Proshares Ultra XRP ETF astatine $199.

The combined involvement equals astir 1 portion successful 102 cardinal of the reported securities, oregon 0.000001% of their full value. Per-share arithmetic produces implied filing values of $8.58 for the REX-Osprey money and $9.95 for the Proshares product.

How Large Is Bank of Montreal?

Bank of Montreal ranks as North America’s eighth-largest slope by assets, with C$1.5 trillion (US$1.10 trillion) successful assets, C$967 cardinal successful deposits and astir 13 cardinal customers arsenic of April 30. The fiscal radical employs astir 53,000 radical and operates 1,806 branches crossed its network, reflecting its important beingness successful Canada and the United States.

Designated arsenic 1 of Canada’s six systemically important banks, Bank of Montreal reported C$344 cardinal successful gross loans and acceptances and C$305 cardinal successful deposits wrong its Canadian idiosyncratic and commercialized banking division.

What a 13F Filing Captures

Form 13F obliges organization managers that workout concern discretion implicit Section 13(f) securities worthy $100 cardinal oregon much to disclose reportable holdings each quarter. The signifier omits abbreviated positions, nonstop token custody and immoderate commercialized executed aft the snapshot date.

Investment discretion means authorization to prime securities for an account, not ownership of the wealth oregon assets successful that account. SEC rules deem Bank of Montreal to stock that authorization with controlled managers specified arsenic Stoker Ostler, allowing their positions to look successful its consolidated filing.

Reports tin get up to 45 days aft the extremity of each quarter, truthful a June 30 representation reaches the nationalist successful mid-August. Changes aft June 30 are absent, portion the adjacent filing volition disclose lone reportable securities held connected Sept. 30.

Is the REX-Osprey Fund a Spot XRP ETF?

REX Shares brought XRPR to marketplace successful September 2025 nether an Investment Company Act of 1940 operation that differs from U.S. spot XRP grantor trusts. Bloomberg expert James Seyffart cautioned astatine the clip that the money “isn’t ‘pure’ spot.”

The Proshares merchandise differs again, since it pursues doubly XRP’s regular show done futures and different derivatives alternatively than plain terms tracking. Coverage that groups some funds unneurotic arsenic spot vulnerability blurs a favoritism that changes each share’s relation successful a portfolio.

Meanwhile, Goldman Sachs (NYSE: GS) reported a $153.8 cardinal presumption successful spot XRP ETFs done a fourth-quarter 2025 filing, which Ripple called the largest known U.S. organization involvement successful the class astatine that point. Stoker Ostler’s reported lines magnitude to astir 1 fifty-thousandth of that sum.

What the XRP Fund Position Actually Represents

An ETF share represents an ownership involvement successful a fund, portion the underlying vulnerability depends connected that fund’s strategy. Shareholders bash not person backstage keys oregon summation the quality to transportation XRP crossed its network. Annual fees trim money assets and concern returns alternatively than reducing an investor’s stock count.

XRP belongs to the wide altcoin category, a statement covering immoderate cryptocurrency different than bitcoin. XRP’s full marketplace capitalization fell 29% implicit the 3 months done Aug. 12.

Nothing successful the disclosure identifies the beneficial owner, relationship type, oregon concern intent down either holding. Stoker Ostler whitethorn person managed the shares for advisory clients, truthful neither its inclusion nor Bank of Montreal’s consolidated filing establishes that either institution beneficially owned the position.