Goldman Sachs Leads as Wall Street Builds Over $210M Position in XRP ETFs

New regulatory filings show that several major Wall Street institutions have begun accumulating XRP through spot ETFs. 

These products have already attracted more than $1.2 billion in cumulative inflows, highlighting sustained investor demand despite recent market volatility.

In total, the filings reveal over $210 million in XRP ETF exposure across the top 30 institutions. Interestingly, Goldman Sachs accounts for the majority of the disclosed capital. 

The development has sparked discussions within the XRP community. Some proponents interpret the move as Wall Street quietly building exposure to the fifth-largest cryptocurrency through regulated investment vehicles. 

Key Points 

• New regulatory filings show that over 30 institutions hold positions in XRP ETFs worth $210 million.
• Goldman Sachs leads the group with $153.81 million in exposure, equivalent to about 83.63 million XRP tokens.
• Other notable participants include Millennium Management, Logan Stone Capital, Jane Street, and DRW Securities, each holding millions of dollars in XRP ETF exposure.
• Total XRP ETF assets stand at about $967 million, while cumulative inflows have reached $1.21 billion. 

Goldman Sachs Tops List of XRP ETF Buyers 

Data compiled by Bloomberg Intelligence, based on U.S. SEC 13F filings, has circulated widely among XRP observers. The data shows that at least 30 institutional firms currently hold positions in XRP ETFs, signaling growing interest among traditional financial players in regulated XRP investment products.

The filings show more than $210 million in total XRP ETF exposure among these institutions. Leading the list is Goldman Sachs, which holds over $153.81 million in XRP ETF exposure, equivalent to roughly 83.63 million XRP tokens. As a result, the bank alone accounts for the majority of all disclosed institutional holdings in these funds.

Other Notable Institutional XRP ETF Buyers

Trailing far behind is Millennium Management, which reported $23.07 million in XRP ETF exposure. This allocation represents approximately 12.54 million XRP, positioning the hedge fund as the second-largest institutional holder on the list.

Logan Stone Capital ranks third with $5.29 million in exposure. Meanwhile, Citadel Advisors follows closely with about $4.52 million. Other notable institutions include Jain Global, with approximately $3.39 million in exposure, and Marex Group, with roughly $3.37 million.

In addition, several other firms maintain moderate positions, including Gallacher Capital Management, DRW Securities, Jane Street, and Flow Traders, with exposures of about $2.56 million, $2.41 million, and $1.99 million, respectively.

Beyond these names, several trading firms, hedge funds, and wealth managers also reported smaller allocations to XRP ETFs. 

Growing Institutional Comfort With XRP

The presence of major firms such as Goldman Sachs, Citadel Advisors, and Millennium Management suggests that traditional finance is becoming increasingly comfortable gaining exposure to XRP through regulated products.

However, despite the high-profile participants, their ownership still represents a relatively small share of total ETF assets. At press time, the five U.S. spot XRP ETFs collectively hold about $967 million in assets, according to SoSoValue data.

Meanwhile, cumulative inflows stand at approximately $1.21 billion. Since March 5, the funds have largely recorded consecutive outflows, except on March 11 when flows remained neutral.

Yesterday, roughly $6.08 million exited the funds, led by withdrawals from the 21Shares and Franklin Templeton ETFs, which posted $3.09 million and $2.99 million in outflows, respectively.