TLDR
- Goldman Sachs disclosed $2.36 billion in cryptocurrency holdings in its Q4 2025 13F filing, with $153 million in XRP.
- The bank’s crypto portfolio includes $11 billion in Bitcoin, $10 billion in Ethereum, and $108 million in Solana.
- Goldman’s XRP exposure comes primarily through exchange-traded funds valued at approximately $152 million.
- Ripple CEO Brad Garlinghouse called XRP the “North Star” of Ripple’s business strategy during XRP Community Day.
- Garlinghouse estimated a 75% chance the CLARITY Act will be close to signing by the end of April 2026.
Goldman Sachs disclosed over $2.36 billion in cryptocurrency holdings in its Q4 2025 13F filing. The investment bank revealed it holds $153 million in XRP.
Goldman Sachs just declared it now holds more Bitcoin and Ethereum than Gold.
13F Filing Spot ETF Holdings:
BTC: $1.06B
ETH: $1.01B
Gold: $939M
XRP: $152M
Silver: $147M
SOL: $109M pic.twitter.com/10TFNrXAJl— LuxAlgo (@LuxAlgo) February 10, 2026
The filing shows Goldman’s crypto portfolio includes $11 billion in Bitcoin and $10 billion in Ethereum. The bank also holds $108 million in Solana.
Goldman’s XRP exposure comes mainly through exchange-traded funds. These funds account for approximately $152 million of the total position.
US Spot XRP ETFs currently hold over $1.04 billion in total net assets. The funds have recorded only 4 days of outflows since beginning trading 56 days ago.
The disclosure makes Goldman one of the largest US banks with exposure to crypto-linked assets. However, these holdings represent a small fraction of the bank’s total assets under management.
Goldman Sachs provides advisory services to governments and corporations. The firm specializes in capital markets, mergers, and restructuring.
Ripple CEO Positions XRP as Central Focus
Ripple CEO Brad Garlinghouse spoke at XRP Community Day and positioned XRP as central to the company’s strategy. He described XRP and RLUSD as the “heartbeat” of Ripple’s operations.
XRP is the "North Star" for Ripple ✨
@BradGarlinghouse highlights how Ripple Payments, Ripple Prime, & Ripple Treasury all drive utility & liquidity around $XRP. pic.twitter.com/g9xlCPpToy
— 𝗕𝗮𝗻𝗸XRP (@BankXRP) February 11, 2026
Garlinghouse said XRP serves as the “North Star” driving Ripple’s direction across payments, lending, and custody services. These services operate on the XRP Ledger.
He explained that Ripple Payments connects to XRPL activity. This includes decentralized exchange applications with permissioned domains.
Ripple Prime supports XRP for collateral and lending purposes. Ripple Treasury enables payments using XRP and RLUSD within treasury management systems.
Garlinghouse said Ripple views itself as a financial infrastructure platform. He stated the company wants to be “the most regulated and compliant” in the sector.
The CEO referenced a partnership with Aviva Investors. He described Aviva as one of the world’s largest asset management firms.
Aviva Investors is tokenizing assets on the XRP Ledger. Garlinghouse connected this development to Ripple’s institutional adoption efforts.
Ripple Valuation and Legislative Updates
CBInsights data places Ripple Labs at a valuation over $50 billion. The valuation ranks Ripple ninth globally among potential IPO candidates.
The valuation reflects enterprise value, not XRP’s market capitalization. Ripple trails companies like SpaceX, OpenAI, Stripe, and SHEIN in the rankings.
Ripple President Monica Long has addressed IPO speculation. The company remains solvent with no immediate listing plans and focuses on acquisitions instead.
Garlinghouse predicted a trillion-dollar crypto company will emerge. He suggested there could be more than one such company in the future.
During XRP Community Day, Garlinghouse discussed the CLARITY Act timeline. He estimated a 75% chance the bill will be “very close to getting signed” by the end of April.
Ripple Chief Legal Officer Stuart Alderoty said White House discussions were productive. He wrote that a compromise appears likely with bipartisan support for crypto market structure legislation.
White House advisor Patrick Witt thanked meeting participants from crypto and banking industries. Witt stated, “We are going to get this done.”
