Institutional interest in XRP exchange-traded funds (ETFs) continues to surge, with cumulative inflows surpassing $1.4 billion since their launch. A key revelation from recent regulatory filings shows that Goldman Sachs, the Wall Street investment banking titan, has quietly amassed the largest known institutional position in these Spot XRP ETFs.
Data compiled by Bloomberg Intelligence, based on 13F filings dated December 31, 2025, reveals that Goldman Sachs holds approximately $153.8 million in XRP ETF exposure. This position equates to roughly 83.6 million XRP worth of ETF shares, placing the firm well ahead of other disclosed institutional investors.
Following Goldman Sachs, the next largest known holders include Millennium Management with over $23 million in exposure, and firms like Citadel Advisors and Logan Stone Capital with significantly smaller allocations. Bloomberg Intelligence analyst James Seyffart noted that "XRP ETF demand is still strong compared to the broader crypto market, which has been facing downward pressure since the beginning of the year."
The data underscores a rapid growth trajectory for these products. Cumulative inflows into Spot XRP ETFs climbed from about $150 million in mid-November 2025 to approximately $1.44 billion by March 4, 2026.
However, the disclosed holders represent only a fraction of the total investor base. The top 30 known holders collectively controlled about $211 million in positions at the time of the filings, meaning a significant portion of the $1.44 billion in inflows comes from investors not required to file 13F reports, such as smaller funds, family offices, and retail participants.
The prominent position of a major traditional finance institution like Goldman Sachs is seen as a potential bellwether, possibly paving the way for more banking firms to enter the XRP ETF space and amplifying the role of these products in institutional crypto investment portfolios.
