Wolverine Asset Management reduces XRP ETF stake to 52,522 shares in SEC filing

Wolverine Asset Management, a Chicago-based proprietary trading firm and market maker, has disclosed its updated position in the Bitwise XRP ETF through a regulatory filing with the U.S. Securities and Exchange Commission (SEC). This move highlights the ongoing trend of traditional investment firms seeking exposure to XRP via regulated financial products instead of directly holding the digital asset. Wolverine’s latest Form 13F submission reports a holding of 52,522 shares in the Bitwise XRP ETF for the most recent quarter. The Form 13F filing, mandated by the SEC, requires institutional investment managers crossing a minimum threshold of assets under management to declare certain securities positions on a quarterly basis. The current filing marks a significant decrease from Wolverine’s previous disclosure.

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