The growth of spot XRP ETFs in the US has been impressive, with over $1 billion in assets under management just weeks after launch. Institutional investors are increasingly holding these funds, indicating growing confidence in XRP as a strategic asset.
Recent filings reveal that major financial firms, including Goldman Sachs Group Inc., are acquiring substantial positions in spot XRP ETFs. According to the data, Goldman Sachs holds $153.8 million in spot XRP ETFs, representing 83.6 million XRP shares and making it the largest single institutional position.
The trend is not limited to Goldman Sachs, as other prominent firms are actively building positions. Millennium Management LLC holds $23 million, equivalent to over 12.5 million XRP shares, while Logan Stone Capital LLC has taken a $5.3 million position. Citadel Advisors LLC owns $4.5 million, and additional participants include Jain Global LLC, Marex Group PLC, and Gallacher Capital Management LLC.
The data emphasizes the scale at which institutions are entering the market, with large positions influencing trading volumes and market dynamics. This provides evidence that XRP is no longer solely a retail-focused cryptocurrency but a key component of institutional strategies.