Goldman Sachs, Jane Street, and Millennium Lead Spot XRP ETF Holdings

Goldman Sachs, Jane Street Group, and Millennium Management were the three largest reported holders of spot $XRP ETFs in second-quarter 13F filings, according to Bloomberg Intelligence data shared by James Seyffart on August 31.

The filings indicate that institutional exposure has increased alongside a sharp rise in $XRP ETF inflows, even as the Ripple token has pulled back from its August highs.

Advisors Dominate $XRP ETF Holdings

Bloomberg’s compilation shows Goldman Sachs far ahead of other reported holders, with $87.4 million in ETF exposure representing 84 million $XRP. Jane Street followed with just under 16 million $XRP, worth $16.6 million, while Millennium Management held 15.5 million tokens valued at about $16.2 million.

Intesa Sanpaolo ranked fourth with $14.4 million in exposure, followed by Marex UK Holdings at $8.1 million. Citadel Advisors also appeared in the filing data, although its $XRP exposure fell by $645,000. SIG Holdings recorded a much larger reduction, with its reported $XRP exposure down by roughly $4.6 million.

Across the identified holders, total exposure reached $183.5 million, representing about 176.4 million $XRP. Bloomberg also grouped the holders by category and found investment advisors well ahead of the other groups, with $120.9 million in exposure. Hedge fund managers accounted for $25.1 million, brokerages for $17.9 million, and banks for $14.8 million.

The 13F filings offer one of the clearest public snapshots of how large firms are positioning around the new products, although they only capture reported quarter-end holdings and do not show subsequent changes. That makes the fresh inflow data especially relevant for gauging whether demand has continued to build after the second quarter ended.

ETF Demand Rises While $XRP Price Cools

The figures come as demand for spot $XRP ETFs has picked up, with the funds taking in $110.5 million during the week ending August 28, their strongest five-day inflow since the first week of December 2025, when they drew more than $230 million. SoSoValue data shows another $5.6 million entered the products on August 31, bringing cumulative net inflows to about $1.67 billion and total net assets to roughly $1.45 billion.

Meanwhile, the token was trading near $1.40 at the time of writing after reaching a multi-month high of $1.70 last week. Although that price reflects a nearly 9% decline over seven days, it is still 28% higher than a month earlier and almost 40% above its level two weeks ago. Even so, $XRP remains nearly half of where it stood at this time last year and about 62% below its all-time high of $3.65 set in July 2025.

Traders are watching the $1.35 to $1.38 zone closely, since a break below that range could open the door to further downside. Analyst Ali Martinez identified $1.60 as the next major resistance level if $XRP attempts another recovery.