The bank reported 3,848 shares of the Bitwise XRP ETF, valued near $330,000. It sold 103.41 million XRP and booked more than $34 million in realized losses. The bank reported 6,831 shares of the Grayscale Bitcoin Trust ETF at roughly $150,000 and 2,596 shares of the Grayscale Bitcoin Mini Trust ETF at roughly $100,000. The XRP supply story ran the opposite directionGrayscale’s XRP Trust sold $180.78 million of XRP over the first half of 2026, roughly 103.41 million tokens, to meet investor redemptions. Whether the ETF shares support a client-facing structured product or a market-making desk.