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)
Crypto exchange-traded products posted $1.4 billion in weekly inflows, topping last week's $996M and marking the strongest three-week stretch since January. Total AUM rebounded to $154.8B — the highest since early February. Ether funds flipped year-to-date positive for the first time in 2026.
US spot Bitcoin ETFs attracted $996M in weekly net inflows, the most since early January, powered by a $663.9M Friday surge as geopolitical de-escalation triggered a risk-on wave. Total ETF AUM crossed $101B for the first time. BlackRock IBIT alone added $269.3M Thursday — its best day in a month. The flows pushed YTD net inflows back within $80M of positive territory after months of outflows.
Charles Schwab announced Schwab Crypto, offering direct spot BTC and ETH trading to retail clients via linked accounts with Paxos execution and 0.75% fees. With $12.2T in client assets and 39 million accounts, it's the largest traditional brokerage to offer direct crypto trading. The move caps a historic week that included Morgan Stanley's MSBT ETF launch and Goldman Sachs's Bitcoin income ETF filing.