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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Anthropic's much-anticipated IPO prospectus — reported in detail by Reuters and the Financial Times — pursues a $2 trillion valuation while disclosing a $42 billion net loss for 2025 and plans to spend $518 billion on cloud, computing, and infrastructure in the coming year. Roughly 80 of the filing's 261 main-body pages cover risk factors, including that advanced AI could pose 'catastrophic or existential risks to humanity,' versus 48 pages describing the business. Nvidia separately disclosed that Anthropic has more than $180 billion in contracted compute commitments — 2.5GW of Nvidia infrastructure shipping through 2028.
Nvidia's board authorized an additional $150 billion in share repurchases on Monday — which the company says is the largest single authorization increase ever announced by a public company — lifting total remaining buyback capacity to $235 billion, expected to be spent through fiscal 2028. NVDA rose 2.8% to a $5.42 trillion market cap as Jensen Huang called AI 'a once-in-a-generation platform shift.'