Goldman Sachs has become the largest institutional holder of spot XRP exchange-traded fund shares, with approximately $154 million in holdings across various XRP ETF products. Despite significant institutional exposure, XRP has been struggling to surpass the $1.50 mark in recent weeks.
13F Filings Reveal Institutional Positioning in XRP ETFs
Goldman Sachs filed its 13F report with the U.S. Securities and Exchange Commission (SEC), showing that 83 institutions reported holdings in XRP ETFs. Among these, the top 30 investors collectively hold around $211 million worth of XRP ETF shares, with Goldman Sachs leading with about $154 million.
Although institutions have a significant stake, they only represent a small portion of the total XRP ETF market.
Currently, spot XRP ETFs hold approximately $1.21 billion in total assets, with the disclosed $211 million from 13F filings representing about 16% of those assets. The majority of ETF ownership comes from investors not required to file 13F reports, leading to daily trading activity driven by non-institutional investors.
ETF Experts Highlight Retail Demand in XRP Market
Senior ETF Analyst Eric Balchunas noted that the non-reporting segment of ETF investors likely consists of dedicated XRP supporters rather than casual traders. XRP remains integral to Ripple Labs’ strategy, with Brad Garlinghouse emphasizing its importance.
XRP Price Struggles
Despite significant institutional exposure, XRP has been unable to surpass the $1.50 level for an extended period. Geopolitical tensions in the Middle East have contributed to overall market sentiment decline, impacting XRP’s price movement.
Technical analysis indicates strong resistance at $1.50, and a breakthrough accompanied by sustained buying pressure could propel the price towards $2. Until then, XRP is likely to trade sideways.
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