Goldman Sachs has regained its position as the largest institutional holder of XRP exchange-traded funds, after fully exiting its XRP ETF positions in the previous quarter. The Wall Street bank rebuilt its XRP ETF portfolio in the second quarter of 2026, with newly disclosed filings revealing major additions to its holdings.
Goldman Sachs increases XRP ETF exposure
The bank’s updated XRP ETF portfolio features investments across funds managed by Bitwise, Franklin Templeton, Canary Capital, 21Shares, and Grayscale. Goldman Sachs reported notable increases in share counts for several of these funds, signaling renewed commitment to the XRP market.
Its largest position was 2,238,407 shares in Franklin Templeton’s XRPZ. Additionally, Goldman held 2,208,949 shares in the Bitwise XRP ETF, 1,759,090 shares of Canary’s XRPC, and 806,126 shares in 21Shares’ TOXR fund. The bank also reported 377,619 shares in Grayscale’s GXRP.
Goldman Sachs’ latest quarter filings valued the overall XRP ETF position at $86.5 million. In comparison, its previous exposure, before a full exit, was reported at approximately $152 million. The recent re-entry marks a substantial, but comparatively smaller, allocation.
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AAPL| Fund | Shares Held |
|---|---|
| Franklin Templeton XRPZ | 2,238,407 |
| Bitwise XRP ETF | 2,208,949 |
| Canary XRPC | 1,759,090 |
| 21Shares TOXR | 806,126 |
| Grayscale GXRP | 377,619 |
Alongside its ETF holdings, Goldman Sachs disclosed 365,976 shares in XRPN, a security offered by Armada Acquisition Corporation II. The filing noted Ripple-backed Evernorth Holdings is pursuing a merger with the special purpose acquisition company (SPAC) to list on Nasdaq.
Mini dictionary: SPAC (Special Purpose Acquisition Company): A publicly traded company created specifically to acquire or merge with another business, allowing the target firm to go public more quickly and with fewer regulatory hurdles than a traditional initial public offering.
Evernorth Holdings confirmed progress on the proposed merger, which aims to facilitate the company’s public listing. Goldman Sachs included its XRPN stake with the XRP ETF disclosures in its quarterly report.
Broader institutional interest and market inflows
Additional major banks, including JPMorgan, Morgan Stanley, and Bank of America, also disclosed XRP ETF holdings for the second quarter of 2026. These filings indicate growing institutional engagement with digital assets among leading US financial players.
The renewed investment activity aligns with increased efforts by major institutions to further tokenization initiatives and digital treasury management solutions. Market participants are also expanding real-time cross-border transaction systems to support evolving digital payment frameworks.
Recent data from SoSoValue showed that the US spot market for XRP ETFs posted $13.24 million in net inflows on Thursday. Bitwise accounted for $9.9 million, while Franklin Templeton reported $3.34 million in new investments. Total assets under management in XRP ETFs reached $1.17 billion, and total net investment in these products topped $1.53 billion.
| Issuer | Net Inflow |
|---|---|
| Bitwise | $9.9 million |
| Franklin Templeton | $3.34 million |
| Total US XRP ETF Market | $13.24 million |
Positive market sentiment was reflected in ongoing policy discussions in Washington. Ripple’s CEO, Brad Garlinghouse, and other crypto industry leaders attended Clarity Act discussions at the White House as regulatory debate intensified.
Ripple-backed Evernorth Holdings moved closer to completing its merger with Armada Acquisition Corporation II, aiming for a Nasdaq listing as institutional XRP ETF activity accelerates.
XRP price surges on rising activity
XRP rose sharply in the past 24 hours, reaching about $1.37 with a 16% increase. Over the past week, CoinMarketCap reported a gain of 38% in XRP, mirroring the broader cryptocurrency market’s recovery.
Daily trading volume surged by 113.47% within 24 hours, reflecting intensified market interest and heightened trading activity as XRP’s price advanced.
XRP daily trading volume spiked more than 113%, signaling a significant uptick in buying and selling as the cryptocurrency rebounded strongly.
