TLDR
- Goldman Sachs reportedly holds about $153.8M in XRP ETF exposure.
- Goldman’s XRP ETF positions span Bitwise, Grayscale, Franklin Templeton and 21Shares.
- UBS, Citadel, Millennium, Jane Street and Bank of America also disclosed XRP ETF positions.
- U.S. spot XRP ETFs passed $1B in cumulative inflows by December 2025.
- XRP ETF assets have fallen from about $1.5B to near $1B amid price weakness.
Institutional exposure to XRP exchange-traded funds has grown across several Wall Street firms, according to reported regulatory filings shared by XRP market commentators.
The disclosed holders include Goldman Sachs, UBS, Citadel Advisors, Millennium Management, Bank of America, Jane Street Group and several other financial firms. The filings show positions across XRP-linked products from Bitwise, Grayscale, Franklin Templeton, 21Shares and Volatility Shares.
The data was shared by XRP community figure Chad Steingraber and other market accounts tracking institutional filings. The figures rely mainly on Form 13F reports, which are filed quarterly by investment managers with more than $100 million in qualifying U.S. securities.
13F filings do not show every institutional position. They also do not reveal short exposure, derivatives, private holdings or full trading strategy. Still, the reported data gives a partial view of Wall Street participation in XRP ETF products.
Goldman Sachs Leads Disclosed XRP ETF Holdings
Goldman Sachs holds the largest known disclosed XRP ETF position, according to the reported filings. The bank’s total XRP ETF exposure is estimated at roughly $153.8 million across several products.
The reported allocation includes about $39.82 million in the Bitwise XRP ETF, $38.5 million in Franklin Templeton’s XRPZ, $37.96 million in Grayscale’s GXRP and $35.91 million in 21Shares’ TOXR.
XRP market commentator BankXRP said Goldman accounts for roughly 73% of publicly disclosed institutional XRP ETF holdings. The account also pointed to Goldman’s reported ownership of 1.94 million shares of Bitwise’s XRP ETF.
Goldman’s position has drawn attention because the firm reportedly maintained exposure from Q4 2025 into Q1 2026, despite a sharp decline in XRP’s market price during that period.
The filings do not state whether Goldman’s positions are tied to client demand, market making, treasury allocation, hedging or another investment purpose.
UBS, Citadel and Bank of America Also Disclose Positions
Other large financial firms also appear in reported XRP ETF holdings. UBS Group reportedly holds about $1.49 million in the Volatility Shares XRP ETF, along with exposure to Grayscale’s XRP Trust.
Millennium Management reportedly holds between $23 million and $27 million in XRP ETF exposure. Citadel Advisors holds about $5.2 million in XRP ETF shares, while Marex Group reports about $9.4 million in XRP-linked ETF exposure.
Jane Street Group reportedly holds approximately $1.9 million in Ripple token ETF products. Bank of America disclosed a smaller position worth about $224,000 in the Volatility Shares XRP ETF.
Other reported institutional filers include Wedbush Securities, DRW Securities, Allworth Financial and MCF Advisors.
The size of the positions varies widely. Some firms appear to hold smaller allocations, while others have built broader exposure across more than one XRP-linked product.
Because 13F data is reported after quarter-end, the filings may not reflect current holdings. Firms may have increased, reduced, or closed positions after the reporting date.
XRP ETF Inflows Passed $1 Billion
Ripple token ETF products saw rapid adoption after their U.S. launch, according to earlier reports from Ripple. U.S. spot XRP ETFs reportedly did not record a net outflow day during their first month of trading.
By December 2025, cumulative inflows had passed $1 billion. That made XRP one of the fastest digital asset ETF categories to reach that level after the Ethereum ETF launches.
Ripple later said cumulative inflows exceeded $1.5 billion by March 2026. More than 769 million XRP tokens were reportedly held in custody arrangements tied to ETF products at that time.
Total Ripple token ETF assets have since declined from a peak near $1.5 billion to around $1 billion, according to the figures cited in the reports. The decline came during a period of XRP price weakness and ETF outflows.
Retail investors still account for most XRP ETF assets, with reports estimating their share near 84%. That means institutional participation remains smaller than retail ownership, even as Wall Street filings show broader entry into XRP-linked funds.
