Citadel Advisors, the investment adviser tied to Ken Griffin's Citadel hedge fund business, increased its quarter-end position in Canary's XRP ETF by about 63%, according to a U.S. Securities and Exchange Commission filing.
The Miami-headquartered firm filed a Form 13F-HR on May 15 for the quarter ended March 31, according to a U.S. Securities and Exchange Commission filing, though a 13F only shows certain U.S.-listed securities held by large institutional investment managers and doesn't reflect a firm's full trading book.
The filing's data shows Citadel disclosed 25,379 shares of Canary XRP ETF, ticker XRPC, worth about $362,920 at quarter-end, which is up from 15,579 shares in the prior quarter, or a roughly 63% increase.
The same filing shows call options representing 34,900 underlying XRPC shares and no put options. In the prior quarter, Citadel had reported put exposure representing 11,100 underlying shares.
The filing shows only exposure to Canary XRP ETF, not a direct XRP wallet position.
The scale is also tiny for Citadel. The filing shows a value of about $618.4 billion across 15,589 entries, while the XRPC position was worth only about $363,000, or roughly 0.00006% of the disclosed 13F value.
- Even if the call exposure is added using the same quarter-end share price, the combined exposure is still under $1 million, or roughly 0.00014% of the disclosed 13F table.