Goldman Sachs Builds $87.4M Position in Spot XRP ETFs as Institutional Buying Accelerates

Institutional demand for spot XRP exchange-traded funds strengthened markedly in Q2 2026, with Goldman Sachs emerging as the largest disclosed holder across U.S.-listed products. Bloomberg Intelligence data cited by ETF analyst James Seyffart show Goldman ended Q2 with about $87.4 million in XRP ETF exposure, up roughly $83.1 million from the prior quarter. The bank's position equates to about 84 million XRP, including 83 million acquired over the most recent quarter. Among other reported holders, Jane Street ranked second with approximately $16.6 million in exposure, followed by Millennium Management at around $16.2 million, according to Bloomberg. Flows into spot XRP ETFs have remained firm even as XRP pulled back from its August peak near $1.70. After the high, XRP slid toward the $1.36–$1.40 range, creating a notable gap between steady ETF demand and weaker token price performance. Seyffart said cumulative net inflows into U.S. spot XRP ETFs have reached about $1.8 billion since launch. For the week ending August 28, the products took in $110.49 million, the strongest weekly inflow recorded this year, despite XRP falling roughly 20% from $1.70 to about $1.38. Asset managers are also hitting new benchmarks. Bitwise's spot XRP ETF, XRPC, has surpassed $500 million in assets under management within nine months of launch, reflecting rising institutional interest and the appeal of regulated ETF access to XRP. From a technical standpoint, XRP entered September trading around $1.36–$1.40. The $1.40 level has become a key near-term line, with a sustained move above it needed to stabilize the short-term setup after the drop from roughly $1.70. A failure to regain the area could open the door to a retest of lower August support, with ETF inflows yet to translate into a clearer spot-led rebound. Goldman's $87.4 million disclosed exposure, Bitwise's $500 million AUM milestone, and the $110.49 million weekly inflow underline continued institutional engagement despite the pullback. This article is for informational purposes only and does not constitute financial advice. Cryptocurrency markets can experience sharp price movements.