Goldman Sachs Tops XRP ETF Holders with $150M as Withdrawals Surge
Goldman Sachs is the largest disclosed institutional holder of spot XRP ETFs, with over $150 million of the $211 million in reported positions within the $1.2 billion fund. Despite more than $1 billion of inflows in 2025, withdrawals have risen and XRP’s price has struggled to sustain momentum.
1. Institutional XRP ETF Holdings
Regulatory filings show spot XRP ETFs held $1.2 billion in assets as of December 2025, with institutions disclosing only $211 million of those holdings. This gap highlights the limited visibility into the bulk of ETF capital, which comes from smaller advisory firms, family offices and retail brokerage clients.
2. Goldman Sachs’ Leading Role
Goldman Sachs holds more than $150 million across multiple spot XRP ETF products, making it the top reported institutional investor. Its position represents roughly 71% of all disclosed institutional ETF investments in XRP.
3. ETF Inflows Versus Price Performance
Spot XRP ETFs attracted over $1 billion in net inflows during 2025, yet XRP’s market price has failed to maintain an upward trajectory. The disconnect suggests that non-institutional investor activity and broader market sentiment are driving price movements more than large disclosed stakes.
4. Withdrawal Trends and Investor Composition
Withdrawal activity from XRP ETFs has increased recently, signaling potential profit-taking or portfolio rebalancing. Analysts note that undisclosed investors—likely dedicated cryptocurrency supporters—play a larger role in shaping fund flows and market dynamics than institutions bound by disclosure requirements.