Goldman Sachs disclosed roughly $86.5 million–$87.4 million in XRP ETF exposure at the end of Q2, making it one of Wall Street’s largest reported holders.
The bank held positions across five spot XRP ETFs, led by Bitwise and Franklin Templeton products.
XRP ETF demand strengthened sharply in August, but XRP is still near $1.37–$1.39, showing that institutional ETF ownership does not automatically translate into an immediate price rally.
Goldman Sachs has emerged as one of Wall Street’s largest disclosed investors in US spot XRP ETFs, adding another institutional name to a market that has attracted more than $1.6 billion since launching last year.
Goldman’s latest Form 13F, covering holdings as of June 30, shows exposure worth roughly $87 million across five XRP funds. The filing was submitted to the Securities and Exchange Commission on Aug. 14.
The largest positions were approximately $25.8 million in Bitwise’s XRP ETF and $25.4 million in Franklin Templeton’s XRPZ. Goldman also reported exposure to funds from Canary Capital, 21Shares and Grayscale.
The change is notable because Goldman reported no XRP ETF exposure at the end of Q1, after previously holding about $154 million at the end of 2025.
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Recent institutional ownership data put Goldman ahead of other major reported XRP ETF holders, including Jane Street and Millennium Management. Investment advisers represented the largest category of institutional holders during the second quarter.
NEW: Who are the top holders of spot ripple:native ETFs? Here's the data as of the Q2 13F Filings. Goldman, Jane and Millennium top the list. pic.twitter.com/SsL0BuM1oq
But a 13F filing does not show why Goldman owns the shares.
The positions could reflect proprietary investment exposure, client activity, market-making or hedging. The filing also captures holdings on June 30, meaning it should not be interpreted as Goldman buying $87 million of XRP today.
Still, the disclosure confirms that XRP-linked products are finding their way onto major Wall Street balance sheets less than a year after US spot XRP ETFs launched.
XRP ETFs Just Had Their Best Month of 2026
Goldman’s disclosure comes as the wider ETF market is accelerating.
US spot XRP ETFs attracted more than $150 million in August, their strongest month of 2026. Roughly $110.5 million arrived during the week ending Aug. 28 alone, while Bitwise accounted for around $92 million of August’s total.
SoSoValue data put cumulative XRP ETF inflows at about $1.66 billion by the end of August, with approximately $1.44 billion in net assets.
XRP ETF flows have been surprisingly resilient. | Source: @JSeyff
Bloomberg Intelligence data compiled by HDS shows just how far Goldman sits ahead of other institutional filers.
The bank reported $87.45 million in XRP ETF exposure, representing roughly 84.05 million XRP, an increase of more than 83.15 million tokens from the previous filing.
Jane Street ranked a distant second with $16.64 million, followed by Millennium Management at $16.20 million.
That means Goldman’s reported position is more than five times larger than Jane Street’s, while the top three firms alone account for roughly $120 million in XRP ETF exposure.
What Does Goldman’s $87M Bet Mean for XRP Price?
For XRP, ETF accumulation is potentially supportive because new fund creations ultimately require the products to hold underlying XRP.
But Goldman’s $87 million position itself should not be treated as $87 million of fresh XRP buying. The holdings were already in place by June 30, and 13F filings do not reveal whether they were hedged.
That distinction is visible in the price.
XRP traded between $1.37 and $1.39 entering September, despite nine consecutive ETF inflow days and a strong August for the funds. It remains below the roughly $1.70 level reached during August’s rally.
The more important price signal, therefore, will be whether new ETF inflows continue.
If August’s $150 million pace accelerates while large institutions continue building positions, ETFs could remove more XRP from the liquid market.
If flows slow, Goldman’s quarter-end disclosure becomes more evidence of institutional access than a catalyst for the next price breakout.
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Dr. Guneet Kaur is a senior editor at CCN.com and a Science Fellow at Exponential Science. She is a fintech and blockchain expert with extensive experience in digital finance education, blockchain ecosystems, and cryptocurrency markets. She has worked with global media such as Cointelegraph, as well as education and blockchain platforms, to design and lead strategic content and learning initiatives. As an educator and assessor for top-tier executive programs, she bridges real-world fintech trends with academic insight.
Dr. Kaur is also a published researcher and peer reviewer across fintech and data science journals, including Financial Innovation Journal and International Journal of Big Data Intelligence and Applications. Her work spans data-driven analysis, Web3 innovation, and technical content development. With a strong foundation in both industry and academia, she translates complex financial technologies into practical applications, empowering learners, professionals, and institutions across the rapidly evolving digital finance landscape.
