TLDR
- Goldman Sachs disclosed a $153.8 million position in spot XRP ETFs in its Q4 2025 13F filing.
- The bank holds about 73% of the $211 million reported by the top 30 institutional investors.
- Goldman Sachs spread its XRP ETF exposure across four issuers to diversify allocation.
- Spot XRP ETFs have attracted $1.4 billion in net inflows since launching in November 2025.
- Total assets under management for XRP ETFs reached $1.44 billion by early March 2026.
Goldman Sachs has disclosed a $153.8 million position in spot XRP ETFs in its Q4 2025 13F filing. The bank now holds about 73% of the $211 million reported by the top 30 institutions. The filing places Goldman Sachs at the forefront of institutional exposure in the newly launched XRP ETF market.
Goldman Sachs Builds $154 Million Position Across XRP ETFs
Goldman Sachs allocated its XRP ETFs exposure across four separate issuers instead of a single fund. The bank reported about $40 million in the Bitwise XRP ETF and $38 million each in the Franklin XRP Trust and Grayscale XRP ETF. It also disclosed roughly $36 million in the 21Shares XRP ETF.
This structure shows a diversified allocation within the same asset class. The XRP position forms part of a wider $2.3 billion crypto ETF portfolio. That portfolio includes $1.1 billion in Bitcoin ETFs and $1 billion in Ethereum ETFs.
Millennium Management ranked second with $23.1 million in disclosed XRP ETF holdings. However, its position is less than one-sixth of Goldman Sachs’ exposure. As a result, Goldman holds the dominant institutional share based on current filings.
XRP ETFs Record $1.4 Billion Inflows Since Launch
Spot XRP ETFs began trading in November 2025 after the SEC resolved its lawsuit against Ripple in August. Since launch, the funds have attracted $1.4 billion in net inflows. Total assets under management reached $1.44 billion by early March 2026.
The ETFs recorded net outflows on only nine trading days during that period. Bloomberg ETF analyst James Seyffart said, “About 84% of XRP ETF assets sit with retail investors.” Eric Balchunas also stated that most holders fall below the 13F reporting threshold.
Standard Chartered revised its XRP price target to $2.80. The bank’s forecast implies close to 100% upside from recent levels. Broader institutional estimates place year-end 2026 projections between $3.00 and $8.00.
Prediction markets currently assign a 67% probability that XRP closes above $1.50 by late March 2026. On the infrastructure side, Binance integrated Ripple’s RLUSD stablecoin on the XRP Ledger. The RLUSD stablecoin now carries a market capitalization of $1.59 billion.
Banks, including SBI Holdings, Santander, and PNC, continue using XRP for cross-border settlements. Monthly transaction flows through these channels exceed $15 billion, according to reported figures. These developments follow the ETF launch and reflect ongoing activity across the XRP ecosystem.
