Goldman Sachs disclosed a $153.8 million position across four spot XRP ETFs in its Q4 2025 13F filing — making it the largest institutional holder of XRP ETFs with approximately 73% of all reported institutional exposure.
Goldman Sachs disclosed a $153.8 million position across four spot XRP ETFs in its Q4 2025 13F filing — making it the largest institutional holder of XRP ETFs with approximately 73% of all reported institutional exposure.
Goldman Sachs disclosed a $153.8 million position across four spot XRP ETFs in its Q4 2025 13F filing — making it the largest institutional holder of XRP ETFs with approximately 73% of all reported institutional exposure.
The position, equivalent to roughly 83.6 million XRP tokens, was spread evenly across:
1. Wall Street is legitimizing altcoin ETFs beyond Bitcoin
Goldman Sachs is a $3.5 trillion AUM firm. When they allocate nine figures to XRP ETFs within months of launch, it signals that institutional interest isn't limited to Bitcoin and Ethereum. Altcoins with regulatory clarity are now "portfolio-grade."
2. The timing is telling
XRP ETFs launched in November 2025. Goldman accumulated its position by December 31, 2025 — within 60 days of launch. This wasn't a slow drip; it was deliberate, rapid allocation.
3. Price hasn't reacted — yet
Despite Goldman's disclosure and $1.4B+ in cumulative XRP ETF inflows, XRP price has declined from $2.40 (January) to ~$1.40 (March). This suggests:
Goldman isn't alone, but they dwarf the competition:
| Institution | XRP ETF Holdings |
|---|---|
| Goldman Sachs | $153.8M (73%) |
| Millennium Management | $23.1M |
| Others (28 institutions) | ~$34M combined |
| Total Institutional | ~$211M |
Total XRP ETF AUM: $1.44 billion (84% retail, 16% institutional)
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