Institutional XRP Exposure Surges as Goldman Sachs, Wells Fargo Reveal ETF Holdings
Goldman Sachs and Wells Fargo have disclosed significant exposure to XRP through their respective ETF products. According to filings, Goldman Sachs reported $86.5 million in XRP ETF exposure across five products, while Wells Fargo revealed approximately $9.18 million. These regulated XRP products provide banks and asset managers with indirect access to the cryptocurrency without needing to directly hold it. The filings only reflect quarter-end positions and do not confirm long-term bullish bets. As such, further institutional disclosures are expected in future filings.