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Goldman Sachs, Jane Street Group, and Millennium Management were the three largest reported holders of spot $XRP ETFs in second-quarter 13F filings, according to Bloomberg Intelligence data shared by James Seyffart on August 31.
The filings show that institutional exposure has grown alongside a sharp increase in $XRP ETF inflows, even as the Ripple token itself has pulled back from its August highs.
Advisors Dominate $XRP ETF Holdings
Bloomberg’s compilation puts Goldman Sachs well ahead of other reported holders, with $87.4 million in ETF exposure representing 84 million $XRP. Jane Street followed with just under 16 million $XRP, worth $16.6 million, while Millennium Management held 15.5 million tokens valued at about $16.2 million.
Intesa Sanpaolo ranked fourth with $14.4 million in exposure, followed by Marex UK Holdings at $8.1 million. Citadel Advisors also appeared in the filing data, although its $XRP exposure fell by $645,000. But SIG Holdings recorded a much larger reduction, with its reported $XRP exposure down by roughly $4.6 million.
Across the identified holders, total exposure reached $183.5 million, representing about 176.4 million $XRP. Bloomberg also grouped the holders by category and found investment advisors far ahead of the other groups, with $120.9 million in exposure. Hedge fund managers accounted for $25.1 million, brokerages for $17.9 million, and banks for $14.8 million.
ETF Demand Rises While $XRP Price Cools
The numbers come as demand for spot $XRP ETFs has picked up, with the funds attracting $110.5 million during the week ending August 28, their strongest five-day inflow since the first week of December 2025, when they drew in more than $230 million. SoSoValue data shows another $5.6 million entered the products on August 31, taking cumulative net inflows to about $1.67 billion, with total net assets reaching roughly $1.45 billion.
Meanwhile, the token itself was trading near $1.40 at the time of writing, having hit a multi-month high of $1.70 last week. Although that price represents a nearly 9% dip over seven days, it is still 28% higher than where it was a month ago and almost 40% up from its level two weeks ago. That said, $XRP’s value is still nearly half of what it was this time last year, and it is stuck approximately 62% below its all-time high of $3.65 recorded in July 2025.
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Traders are now watching the $1.35 to $1.38 zone closely, since a break below could open the door to more downside, while analyst Ali Martinez fingered $1.60 as the next major resistance level were $XRP to attempt another recovery.