Crypto
Wall Street Giants Pile into Spot XRP ETFs Despite Token's Decline
Wall Street giants have significant exposure to spot XRP ETFs, according to Bloomberg Intelligence data. Investment advisors hold $120.9 million of the reported XRP ETF exposure, far ahead of banks, brokerages, and hedge fund managers.
The three largest reported holders of spot XRP ETFs in second-quarter 13F filings are Goldman Sachs, Jane Street Group, and Millennium Management. Goldman Sachs holds $87.4 million in ETF exposure, representing 84 million XRP.
Advisors dominate the holding of XRP ETFs, with a total exposure of $120.9 million. Hedge fund managers account for $25.1 million, brokerages for $17.9 million, and banks for $14.8 million.