Goldman Sachs becomes the largest holder of spot XRP ETF, analysts say a large number of "super fan" investors remain undisclosed
By: rootdata|2026/03/11 08:44:19
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Bloomberg intelligence analyst James Seyffart stated that since most investors are not required to file 13F documents, the currently disclosed holdings of the spot XRP ETF only reflect "a small portion" of the market. Data shows that by the end of 2025, the top 30 holders of the spot XRP ETF collectively hold about $211 million. Among them, Goldman Sachs ranks first with a holding of approximately $154 million.
Seyffart also pointed out that by the end of 2025, the cumulative net inflow into the spot XRP ETF has exceeded $1 billion; as of last week, the assets under management (AUM) of related funds were approximately $1.44 billion. Another Bloomberg intelligence analyst, Eric Balchunas, indicated that these investors are likely primarily "super fans" from the XRP community rather than ordinary retail investors. Several institutions have already launched spot XRP ETF products, including 21Shares, Bitwise Asset Management, and Franklin Templeton. Among them, 21Shares' spot XRP ETF has become its most popular altcoin fund product. Additionally, Ripple CEO Brad Garlinghouse recently stated at an XRP event that XRP is the company's "North Star."
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