Goldman Sachs has emerged as the largest disclosed holder of spot XRP exchange-traded funds (ETFs), according to Bloomberg Intelligence data released Tuesday. The investment bank held more than $154 million worth of XRP ETF shares as of the end of 2025.
According to the firm’s analysts, new money continues to flow into the spot XRP ETFs. The funds have risen to approximately $1.4 billion since the funds were made available as an investment vehicle to the general public.
The amount of institutional investor interest in regulated investment products linked to XRP through spot ETFs demonstrates growing demand. This trend reflects increasing interest in regulated investment products tied to XRP.
Goldman Sachs Leads Institutional XRP ETF Ownership
Most of the remaining holders of the spot XRP ETFs are anonymous since most of them don’t have to report their ETF positions via a 13F filing. Only those managing more than $100 million in eligible securities can make 13F filings.
According to James Seyffart, a top Bloomberg Intelligence analyst, as of the end of 2025, the 30 largest reported holders of spot XRP ETFs collectively have approximately $211 million in shares. Among these reported holders of spot XRP ETFs, Goldman Sachs is the single largest holder with an estimated $154 million in the funds.
Source: X
Also Read | XRP Stabilizes at 100 EMA as Market Eyes Potential Accumulation Phase
Net Flows into XRP ETFs Rise Over $1 Billion
James Seyffart also reported on X that the collective assets under management (AUM) of the XRP ETFs exceeded $1 billion as of the end of 2025. This represents a high level of demand from institutional investors for investment vehicles that are based on XRP.
In addition to the strong demand for them, the XRP ETFs have “held up relatively well,” given the sharp decline in price of XRP, as fellow Bloomberg Intelligence analyst Eric Balchunas said in his response via an X post.
Despite the volatility in the price of XRP, institutional investors continue to show interest in XRP-based investment vehicles. As of early 2026, the total AUM of all the spot XRP ETFs was $1.44 billion, as stated by Seyffart.
Three companies currently offer XRP ETFs. They are 21Shares, Bitwise Asset Management, and Franklin Templeton. With additional investment vehicles available for institutional investors, they now have additional methods to gain exposure to XRP.
Based on the Bloomberg data, it would appear that many of the institutions investing in XRP funds are long-term supporters of XRP. Balchunas indicated that many institutional investors could be viewed as “super fans,” an indication of a committed base of retail investors that continue to purchase XRP ETFs.
XRP Derivatives Activity Signals Rising Market Interest
Derivative trading in XRP is seeing increased on-chain activity as well. This can be seen by the rising Open Interest for XRP derivative contracts at Binance, according to a CryptoQuant analysis.
CryptoQuant reports that the current level of Total Open Interest for XRP is approximately 447.7 million XRP. This number is greater than the 30-day moving average of approximately 426.7 million.
Additionally, CryptoQuant reports that the positive z-score for the position (about 1.28) indicates that the XRP derivatives market is positioned above the historical range. As a result, if the trend continues, future price movements could be amplified by additional leverage and liquidity. This increase may raise the potential for more extreme price movements.
Source: CryptoQuant
Why Does It Matter?
Rising institutional ownership of XRP ETFs signals growing mainstream adoption of regulated crypto investment products.
Also Read | XRP Price Action Explained: How $3.5 Resistance Could Unlock New Highs
