Goldman Sachs Leads Institutional XRP Holders Amid Resilient ETF Inflows

Goldman Sachs has taken the top spot among institutional holders of XRP spot ETFs, according to Q2 13F filings compiled by Bloomberg Intelligence. The bank's exposure jumped to $87.4 million, a significant increase from the prior quarter.

The second-largest holder is Jane Street Group with $16.6 million in exposure, followed closely by Millennium Management at $16.2 million. Other notable holders include Intesa Sanpaolo and Marex UK Holdings.

Interestingly, most firms on the list added to their XRP positions this quarter, while a handful of firms trimmed their exposure. Citadel Advisors, Gallacher Capital Management, SIG Holding, and Flow Traders US all reduced their XRP holdings.

The data shows that XRP ETF flows have been 'surprisingly resilient', with cumulative net inflows now sitting at $1.8 billion since launch. This is a significant milestone, considering the token's price hasn't been cooperating lately.