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Institutional exposure to $XRP exchange-traded funds (ETFs) continues to grow.
New regulatory filings show that major Wall Street firms are now holding positions across several spot $XRP ETF products. Community figure Chad Steingraber shared a list of institutional investors with $XRP ETF exposure, led by banking giant Goldman Sachs.
According to the shared data, most institutional $XRP ETF holders remain unknown because only firms managing more than $100 million in qualifying securities are required to disclose holdings through quarterly Form 13F filings.
Still, the available filings already show growing participation from some of the world’s largest financial institutions.
Key Points
- Goldman Sachs leads disclosed $XRP ETF holdings with $153.8M spread across Bitwise, Grayscale, and 21Shares.
- UBS, Citadel, Millennium, and Bank of America also disclosed $XRP ETF exposure in recent filings.
- U.S. spot $XRP ETFs surpassed $1B in inflows by Dec. 2025, showing rapid institutional adoption.
- Despite $XRP price weakness, Wall Street firms continue holding ETF positions, signaling long-term conviction.
Goldman Sachs Dominates $XRP ETF Exposure
Among all disclosed institutional holders, Goldman Sachs currently holds the largest known $XRP ETF position. The firm disclosed roughly $153.8 million in $XRP ETF exposure spread across multiple products.
The allocation includes approximately:
- $39.82 million in the Bitwise $XRP ETF
- $38.5 million in Franklin Templeton’s XRPZ
- $37.96 million in Grayscale’s GXRP
- $35.91 million in 21Shares’ TOXR
$XRP community figure BankXRP noted that Goldman alone accounts for roughly 73% of all publicly disclosed institutional $XRP ETF holdings. He specifically pointed to Goldman’s reported ownership of 1.94 million shares of Bitwise’s $XRP ETF.
Notably, Goldman Sachs has maintained its investments in the $XRP ETF since Q4 2025 without selling, despite the massive $XRP price drawdown exceeding 60%.
Amid this, BankXRP remarked, “[Do you] still think institutions aren’t serious about $XRP?”
Bank of America, UBS, Millennium, and Citadel Also Hold $XRP ETF Positions
Beyond Goldman Sachs, several other traditional finance firms have disclosed $XRP ETF exposure through regulatory filings. These include:
- UBS Group has approximately $1.49 million in the Volatility Shares $XRP ETF alongside exposure to Grayscale’s $XRP Trust
- Millennium Management has $23 million to $27 million in $XRP ETF holdings
- Citadel Advisors holds roughly $5.2 million in $XRP ETF shares
- Marex Group reports about $9.4 million in $XRP-linked ETF exposure
- Jane Street Group has approximately $1.9 million in $XRP ETF holdings
- Bank of America disclosed a smaller $224,000 position in the Volatility Shares $XRP ETF
Other institutional filers mentioned in regulatory documents include Wedbush Securities, DRW Securities, Allworth Financial, and MCF Advisors.
$XRP ETFs Crossed $1 Billion in Inflows
An earlier report from Ripple stated that spot $XRP ETFs saw rapid adoption following their U.S. launch.
According to the report, U.S. spot $XRP ETFs did not record a single net outflow day in their first month of trading. By December 2025, cumulative inflows had already surpassed $1 billion. This made $XRP the fastest digital asset ETF to hit that milestone since the launch of Ethereum ETFs.
Ripple also noted that cumulative inflows exceeded $1.5 billion by March 2026, while more than 769 million $XRP tokens had been locked across ETF custody arrangements.
Institutional Participation Seen as Wall Street Validation
The company described the persistent inflows during periods of $XRP price volatility as a sign of strong investor conviction. Specifically, it argued that Goldman Sachs’ diversified $XRP ETF allocation represented a deliberate institutional strategy rather than temporary trading exposure.
Meanwhile, retail investors account for roughly 84% of $XRP ETF assets, suggesting institutional participation may still be in its early stages.
As of today, total $XRP ETF assets have declined from a peak near $1.5 billion to around $1 billion amid $XRP price weakness and ETF outflows.