Goldman Sachs Tops Institutional Investors in Spot XRP ETF Holdings

Goldman Sachs has taken the top spot among U.S. institutional investors for its holdings in spot XRP exchange-traded funds (ETFs), according to a recent report from Bloomberg Intelligence.

The investment bank's spot XRP ETF holdings totaled $87.4 million, a significant increase of $83.1 million from the previous quarter.

This marks a notable milestone for Goldman Sachs in the cryptocurrency market, as it continues to demonstrate its commitment to and confidence in XRP.

Ripple's dollar-backed stablecoin RLUSD has also reached new heights, surpassing a $2 billion market capitalization with over $1 billion of that total issued on the XRP Ledger (XRPL).