[Digital Today reporter Jinju Hong] Canada’s second-largest bank, Bank of Montreal (BMO), is confirmed to have added an XRP-related financial product to its portfolio.

According to blockchain outlet U.Today on Aug. 12 local time, BMO disclosed its holdings of XRP-linked products in its latest quarterly 13F-HR report filed with the U.S. Securities and Exchange Commission (SEC).

The filing showed that as of the end of June 2026, the total value of BMO’s overall investment portfolio exceeded $303 billion. The reportable holdings included 323 shares of the REX Osprey XRP ETF and 20 shares of the ProShares Ultra XRP ETF. The structure provides exposure through regulated U.S. ETF products, rather than buying XRP directly on an exchange.

The inclusion draws attention because a large bank is putting XRP into its portfolio within the existing legal framework without directly custodying crypto. BMO accessed the volatile token using spot and derivatives ETFs. The outlet described it as being integrated within a familiar legal framework without direct custody risk.

In Canada’s banking sector, the trend appears to be spreading. Earlier in the same reporting period, National Bank of Canada said it held 3,848 shares of the Bitwise XRP ETF. The value was about $330,000. The report also showed that when conservative money enters the crypto market, selectively and through transparent funds is becoming a common path.

A shift in XRP holders was also confirmed. The 13F disclosure showed that the composition of major institutional investors is changing. Early large participants such as Goldman Sachs, which held positions worth more than $150 million between the end of 2025 and early 2026, reduced or fully unwound their holdings around the summer. That amounts to profit-taking.

Mid-sized asset managers and family offices are filling the gap. Arx Advisory Partners, Gerber, Vista Finance and Gallagher Capital were cited as new holders. They chose a more flexible approach, spreading funds across traditional spot funds such as the Franklin XRP Trust and Bitwise, and short-term leveraged products such as the ProShares Ultra XRP ETF. The outlet called it a “changing of the guard” among XRP holders.

The disclosure also has limits in what it shows. Because 13F reports are typically released with a 45-day lag, they may differ from real-time holdings. Even so, the document is meaningful as a case that officially confirms XRP has been placed on another major bank’s balance sheet. That has drawn attention to whether the way institutional money gains exposure to XRP will solidify around ETFs rather than direct purchases.