Goldman Sachs becomes biggest XRP ETF holder as funds record only nine red days
XRP exchange-traded funds have attracted more than $1.4 billion in cumulative net inflows despite a broader downturn across crypto markets since late 2025.
Bitcoin has fallen sharply from its October 2025 peak of around $126K to roughly $70K at press time, wiping out about 45% of its value, while many other digital assets have declined even further. Even as digital assets decline, XRP ETFs have continued gaining traction among investors.
According to a post on X from Bloomberg Intelligence analyst James Seyffart, spot XRP ETFs have accumulated more than $1.4 billion in net inflows since launching in early November 2025.
Seyffart shared data showing that the top 30 holders of spot XRP ETF shares controlled about $211 million worth of positions at the end of 2025. Goldman Sachs was the largest holder by a wide margin, owning nearly $154 million of those shares.
Bloomberg Intelligence analyst Eric Balchunas said the inflows are notable given the broader market downturn.
“Like Solana, this is really impressive given these launched into a brutal 45% drawdown,” Balchunas wrote. “My guess is this is largely XRP super fans versus casual retail.”
Data from SoSoValue also shows the funds have experienced relatively limited selling pressure. XRP ETFs have recorded only nine days of net outflows since launch, with three of those occurring during the past week.
Several issuers currently offer spot XRP ETFs, including 21Shares, Franklin Templeton, Bitwise, Canary Capital, and Grayscale.
XRP was last trading about 2.5% higher on the day near $1.40, though it remains roughly 62% below its all-time high of about $3.66 reached in July 2025.
