Goldman Sachs Tops Institutional Holders of Spot XRP ETFs Amid Stablecoin Milestone

Goldman Sachs has taken the top spot among institutional holders of spot XRP ETFs, according to Q2 13F filings compiled by Bloomberg Intelligence.

The bank's exposure jumped to $87.4 million, up $83.1 million from the prior quarter, by far the largest increase of any firm on the list.

Jane Street Group sits in second place with $16.6 million in exposure, followed closely by Millennium Management at $16.2 million.

Ripple's stablecoin RLUSD also hit a milestone this month, crossing $2 billion in market cap, with more than $1 billion of that issued directly on the XRP Ledger.