Goldman Sachs, Jane Street, and Millennium Management emerged as leading disclosed holders of U.S. spot XRP exchange-traded funds (ETFs) in second-quarter regulatory filings, according to aggregated data from Bloomberg Intelligence. Known filers reported a combined $183.5 million in fund exposure, representing approximately 176.4 million XRP.
Institutional Holdings Rise in Q2 Filings
Quarterly disclosures indicate growing institutional engagement with spot XRP ETFs during the second quarter. The reported $183.5 million in exposure reflects positions declared by institutions required to file, offering a partial view of broader market participation.
Top Disclosed Holders
Among the institutions reporting XRP ETF positions, the following firms led disclosed holdings:
- Goldman Sachs
- Jane Street
- Millennium Management
The figures cited represent aggregate exposure across reporting entities and do not necessarily constitute a complete picture of market-wide holdings.
How the Data Was Compiled
The holdings are drawn from second-quarter institutional filings and compiled by Bloomberg Intelligence. These disclosures typically include long positions held by institutions that meet reporting thresholds. Because not all market participants are required to file and some strategies may not be fully captured (such as certain derivatives or short positions), actual market exposure to spot XRP ETFs may be higher than reported.
Why It Matters
Spot XRP ETFs offer traditional market access to XRP price exposure through regulated fund structures, potentially broadening participation beyond crypto-native investors. XRP is the native token of the XRP Ledger and is used within Ripple-related payment and settlement ecosystems. Rising institutional interest in spot XRP ETFs may influence market liquidity and price discovery as the product category matures.