Goldman Sachs Boosts XRP Exposure As Retail Hesitates

In Brief

• Goldman Sachs holds $153 million in XRP ETFs.
• The stake is part of its broader crypto exposure.
• The move reflects institutional positioning despite weak price reaction.

Goldman Sachs has revealed $153 million in XRP exchange-traded fund (ETF) exposure in its latest 13F filing with the United States Securities and Exchange Commission, adding to its broader $2.36 billion cryptocurrency allocation.

The filing shows the investment bank holds positions across multiple XRP-related exchange-traded products, alongside larger allocations to Bitcoin (BTC) and Ethereum (ETH) ETFs.

Breaking Down The XRP Holdings

According to the public filing, Goldman Sachs’ XRP exposure is distributed across four ETF products, including 21Shares XRP ETF with nearly $36 million, Bitwise XRP ETF with approximately $39.8 million, Franklin XRP Trust with roughly $38 million, and Grayscale XRP Trust ETF with about $37.9 million.

Combined, the total XRP-related allocation stands at approximately $153 million. Though this represents just 0.33% of Goldman Sachs’ $700+ billion in assets under management, it signals institutional participation rather than retreat from digital assets.

*Goldman Sachs’ Q3 2025 vs. Q4 2025 13F holdings. Source:* *13f.info*

Why The Allocation Hasn’t Moved Price

Despite significant inflows into XRP ETFs industry-wide, the price impact has remained muted. One key reason is that many ETF purchases are executed over-the-counter (OTC) rather than on public exchanges.

OTC transactions do not directly affect exchange order books, meaning large institutional accumulation may not immediately translate into visible price momentum.

This dynamic has also been observed in Bitcoin ETFs, where in-kind transfers and OTC purchases reduced direct market impact.

*Journalist Eleanor Terrett’s report on Goldman Sachs’ ETF allocations. Source:* *Eleanor Terrett/X*

More 13F Filings Coming

Goldman Sachs is only the first major institution to disclose Q4 2025 holdings. Additional filings from firms such as Morgan Stanley, JPMorgan, Citadel, Millennium Management, Renaissance Technologies, and Bridgewater should arrive in the coming days.

These disclosures will provide clearer insight into how much exposure major hedge funds and banks are taking across Bitcoin, Ethereum, Solana (SOL), XRP, and other digital assets.

For investors, the key takeaway is not the size of the allocation today, but the direction of institutional positioning. A move from sub-1% allocations to even modest multi-percent allocations across large asset managers would represent billions in additional crypto inflows over time.

The filings now offer a public window into who is accumulating and at what scale.