- Goldman Sachs is now the top institutional holder of spot XRP ETFs at $87.4 million.
- The $83 million quarterly increase is notable given zero exposure at Q1’s end.
- Total net inflows of the crypto ETF market are now approaching $1.8 billion.
Goldman Sachs has become the largest reported institutional holder of US spot XRP ETFs, with roughly $87.4 million in exposure.
The reported increase of approximately $83 million this quarter is considerable, especially since the company had zero XRP ETF exposure at the end of Q1. As such, this looks more like a big re-entry than a small, gradual increase.
Goldman Sachs’ stake is much larger than the other major institutional names on the list.
Apart from Goldman Sachs, the latest numbers put Jane Street Group at around $16.6 million, Millennium Management at approximately $16.2 million, Intesa Sanpaolo at roughly $14.4 million, and Marex UK Holdings at about $8.1 million in the top five.
Interestingly, those numbers combined don’t reach Goldman Sachs’ exposure at $87.4 million.
In the long run, this may be beneficial for XRP because institutions can get XRP exposure through regular brokerage accounts, and steady ETF inflows could create a more reliable institutional pipeline for XRP demand.
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At the same time, spot XRP ETFs have been on a steady inflow streak, with total net inflows since launch now approaching $1.8 billion.
This shows that capital has continued to enter XRP ETF products even during periods when XRP’s spot price has weakened.
By September 1, XRP had dropped to around $1.37, a notable decline from its August highs. In fact, after its August run, XRP has been struggling to stay above $1.40. Despite ongoing ETF inflows, the token was down about 7% in the last 7 days, according to CoinMarketCap.
Some technical analyses are now pointing to $1.35 as an important support zone in the short term.
This basically captures the central tension in the current XRP market, where institutional demand through ETFs looks supportive, but spot-market sellers and general macro conditions are still limiting upside.
As of yet, Goldman Sachs’ ETF position and ongoing inflows haven’t resulted in a simple, straight-up price rise for XRP. That’s worth noting because institutional ETF buying doesn’t automatically push spot prices higher, as it isn’t the only force determining XRP’s price.
Related: Ripple Emerges as Top Holding in New York-Traded C1 Fund
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