IMC-Chicago, a proprietary trading firm with $418 billion in assets under management, disclosed sharply larger positions in several XRP exchange-traded funds in its latest SEC filing. The firm added direct shares and call options across multiple spot and leveraged XRP ETFs, joining other institutions that have recently expanded their XRP exposure. The disclosure comes as XRP rebounds off a dip tied to Senate action on the Clarity Act.
IMC-Chicago, a proprietary trading firm and market maker with $418 billion in assets under management, disclosed sharply increased exposure to multiple XRP exchange-traded funds in a Q2 filing with the SEC, boosting its total portfolio value by almost 50% this quarter.
IMC-Chicago Boosts XRP ETF Exposure
The firm opened positions across several spot and leveraged XRP funds, plus direct holdings. It purchased 28,237 shares in Bitwise XRP ETF, 12,207 shares in Teucrium's 2x Long Daily XRP ETF (XXRP), and 10,531 shares in Volatility Shares' 2x XRP ETF (XRPT). It also opened new call bets in Bitwise XRP ETF and XXRP, while holding existing call positions in Canary XRP ETF, XXRP, XRPT, and ProShares Ultra XRP ETF.
At the same time, 135,900 put options on XXRP point to hedging activity, as crypto markets stayed on edge amid the US-Iran war.
Other Institutions Add to XRP ETF Holdings
IMC-Chicago's disclosure follows similar moves elsewhere. EverSource Wealth Advisors, which manages $3.6 billion, reported holdings across multiple XRP funds. Bank of America holds 13,000 shares of the Volatility Shares XRP ETF.
XRP Price Rebounds Amid ETF Inflows and Ledger Upgrade
XRP has rebounded nearly 2% after Senate Majority Leader John Thune said the Clarity Act would get a vote first when the Senate returns in September. The token is still trading in the red, changing hands at $1.03 after a 24-hour range of $1.02 to $1.05.
Trading volume has risen over the same period, while Ripple's XRPL 3.3.0 upgrade is set to boost privacy and tokenization on the network. Grayscale also raised XRP's weighting in its GDLC fund, adding to signs of institutional interest.
Derivatives data from CoinGlass show mixed positioning. XRP futures open interest held near $2.35 billion amid whale buying and ETF inflows. Cumulative inflows into XRP ETFs have topped $1.51 billion, after funds added $3.45 million on Thursday.
The latest XRP price prediction sees immediate resistance at $1.08, with a breakout opening a path toward $1.12 and then $1.18. A failure to hold above $1.00 could expose XRP to support near $0.96 and $0.92.
Source: CoinGape
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