Goldman Sachs Reveals Multi-Million Dollar XRP ETF Stake

Goldman Sachs has made headlines with its substantial holding in XRP exchange-traded funds (ETFs), with a total of US$152.17 million invested across four funds.

The bank's exposure to cryptocurrency is not limited to XRP, as it also holds significant stakes in Solana ETFs and BlackRock's IBIT Bitcoin fund, bringing its total crypto ETF holdings to approximately US$1.26 billion.

While Goldman Sachs' investment in XRP has been notable, it has yet to translate into a positive price trend for the token. In fact, XRP remains 25% below its yearly open of US$1.84 (AU$2.65).