Goldman Sachs has disclosed over $152 million in XRP ETF holdings across four separate funds, making the Wall Street giant the single largest institutional XRP ETF holder in the United States. The position, revealed through a quarterly SEC Form 13F filing covering Q4 2025, marks Goldman’s first disclosed crypto allocation beyond Bitcoin and Ethereum.
Institutional Holding
$152M+
Goldman Sachs’ disclosed position in XRP ETFs
Goldman Sachs Reveals $152M XRP ETF Stake in Regulatory Filing
The filing, made public on February 10, 2026, shows Goldman Sachs holding a total of $153.8 million in spot XRP ETFs spread across four products. The largest single allocation went to the Bitwise XRP ETF at $39.8 million (1.9 million shares), followed by the Franklin XRP Trust at $38.4 million (1.9 million shares), according to a review of the SEC 13F filing by Crypto Briefing.
Goldman also held $37.9 million in the Grayscale XRP ETF (over 1 million shares) and $35.9 million in the 21Shares XRP ETF (2 million shares). The deliberate spread across four issuers suggests a structured approach to XRP ETF exposure rather than a concentrated single-product bet.
The XRP position is part of a broader alt-coin ETF push. Goldman’s filing also revealed $108 million in Solana ETFs, bringing its combined XRP and Solana ETF exposure to roughly $260 million. At the same time, the bank trimmed its flagship Bitcoin ETF position in BlackRock’s IBIT from 33.9 million shares in Q3 2025 to 20.7 million shares, though that holding still exceeds $1 billion.
Goldman’s XRP ETF stake dwarfs the rest of the institutional field. The bank accounts for approximately 73% of the roughly $211 million held by the top 30 institutional XRP ETF holders combined, a concentration that underscores how early institutional adoption of XRP ETFs remains.
What Goldman’s XRP Position Signals for Wall Street
XRP spot ETFs received SEC approval in November 2025, opening a regulated pathway for institutional exposure to the token. Goldman’s filing represents the first major Wall Street bank to disclose a significant XRP ETF allocation, extending beyond the Bitcoin and Ethereum ETF positions that several banks had already reported.
A critical caveat: 13F filings do not disclose the intent behind a position. Goldman’s $152 million in XRP ETFs could reflect a directional investment view, client-facilitation activity, or market-making inventory. The bank has not issued a public statement on the rationale.
Bloomberg Intelligence analyst James Seyffart noted that the institutional picture captured by 13F filings is inherently incomplete. “These disclosed holdings only capture a small slice of the full picture, since roughly 84% of XRP ETF assets sit with retail investors who don’t file 13F reports,” he said.
Fellow Bloomberg analyst Eric Balchunas added context on the retail side: “The non-reporting majority of ETF investors is likely dominated by dedicated XRP supporters rather than casual traders.” The dynamic highlights a split market where institutional vehicles are live but institutional participation, outside Goldman, remains thin.
For the broader altcoin ETF landscape, Goldman’s filing sets a precedent. If other major banks follow with their own XRP or Solana ETF disclosures in upcoming 13F cycles, it would validate these products as institutional-grade instruments, not just retail wrappers for crypto exposure. The next batch of 13F filings is due in May 2026, which will reveal whether Goldman maintained, expanded, or exited its position.
XRP Trades at $1.37 as Market Sentiment Hits Extreme Fear
Despite Goldman’s sizable position, XRP has not been spared from the broader crypto downturn. The token traded at $1.37 at press time, down 3.51% over the past 24 hours and 62.4% below its all-time high of $3.65 set on July 18, 2025.
XRP holds a market capitalization of $84 billion, ranking it fifth among cryptocurrencies, with a circulating supply of 61.3 billion tokens. Daily trading volume stands at approximately $2.07 billion.
The broader market backdrop is bleak. The crypto Fear and Greed Index sits at 10, deep in “Extreme Fear” territory. Standard Chartered cut its year-end XRP price target to $2.80 in February 2026, citing slowing ETF inflows and macro headwinds.
Goldman’s Q4 2025 filing captures a snapshot from when XRP was trading significantly higher. Whether the bank held its position through XRP’s roughly 40% decline in Q1 2026 will remain unknown until the next 13F filing. That timing gap is a structural limitation of 13F-based analysis, one that markets often overlook when interpreting institutional positioning from delayed filings.
The disconnect between Goldman’s disclosed stake and XRP’s price trajectory raises a question the market will watch closely: did Wall Street’s largest XRP ETF holder ride the drawdown, or did it exit before the decline accelerated? The May 2026 filing cycle, covering Q1 2026, will provide the answer. In the meantime, Goldman’s position signals that regulated XRP ETF products have cleared the institutional due diligence bar, even if the trade itself has yet to pay off.
Disclaimer: This article is for informational purposes only and does not constitute financial or investment advice. Cryptocurrency and digital asset markets carry significant risk. Always do your own research before making decisions.
