Goldman Sachs has emerged as the largest reported institutional holder of U.S. spot XRP exchange-traded funds, reinforcing the trend of rising Wall Street involvement in the cryptocurrency ETF market as cumulative XRP ETF inflows approach $1.8 billion.
XRP ETF holdings and institutional rankings
Bloomberg ETF analyst James Seyffart compiled second-quarter 13F data showing Goldman Sachs with approximately $87.4 million in XRP ETF exposure. Jane Street ranks second, holding around $16.6 million, while Millennium Management occupies the third position with roughly $16.2 million.
Goldman’s increase stands out. Data suggest its XRP ETF position expanded by about $83.1 million quarter-over-quarter, up from an estimated $4.3 million previously. This represents a nearly twentyfold rise in exposure compared to the first quarter.
Contrary to social-media speculation describing a return to XRP ETFs, Goldman had maintained a prior position that grew significantly in the reported period, according to Q1 and Q2 data.
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AAPLIntesa Sanpaolo, a major Italian banking group, reportedly holds $14.4 million, with Marex UK Holdings following at $8.1 million. The list of reported holders includes a mix of wealth managers, hedge funds, and trading firms participating in XRP-backed products.
Goldman’s position is disclosed via a Form 13F filing with the SEC, confirming it as the institutional investment manager as of June 30, 2026, and providing details on its exposure.
Mini dictionary: Form 13F, a quarterly report filed by institutional investment managers with at least $100 million in assets under management, disclosing their equity holdings.
| Institution | XRP ETF Holdings (approx.) |
|---|---|
| Goldman Sachs | $87.4 million |
| Jane Street | $16.6 million |
| Millennium Management | $16.2 million |
| Intesa Sanpaolo | $14.4 million |
| Marex UK Holdings | $8.1 million |
XRP ETF inflows continue to rise
Seyffart reported that cumulative XRP ETF net inflows had reached about $1.79 billion by August 26, with steady gains through June, July, and August. Other data providers, such as SoSoValue, indicated cumulative inflows of $1.669 billion after August 31, highlighting that differing methodologies can lead to varying totals. For instance, U.S. funds added $5.64 million on August 31, with Canary’s XRPC leading daily inflows.
The broader trend points to expanding demand. In the final week of August, XRP ETF products drew $110.49 million—the highest weekly total of 2026. These record inflows reflect strong market interest despite price volatility in the underlying asset.
XRP traded near $1.39 on Tuesday, with its market capitalization standing around $87 billion. Still, the token remains far below its August highs even as ETF participation grows.
XRP ETF inflows continued to accelerate in August, setting new records even as the underlying asset’s price lagged recent highs, underscoring a growing divergence between institutional ETF demand and market price performance.
Implications for Wall Street and broader markets
Goldman Sachs’ expanded position puts another prominent Wall Street institution on the list of active participants in the XRP ETF market. The investment bank is a leading global financial services company known for managing significant institutional funds and providing investment banking, securities, and asset management services.
Industry analysts note that 13F filings do not necessarily reflect directional trading or long-term investment intentions. These positions may support a variety of portfolio strategies, including hedging or short-term trades, rather than expressing a straightforward expectation for XRP appreciation.
However, growing ETF allocations among major institutions show that XRP-backed investment products are becoming more popular in traditional financial portfolios and trading strategies.
The filings reveal that institutional use of XRP-linked products is expanding, embedding these assets deeper inside the financial infrastructure used by the world’s largest investment firms.
