Top XRP ETF Holders Revealed: Goldman, Jane Street Lead the List

Goldman Sachs Leads XRP ETF Holder Rankings

Institutional investors held $183.5 cardinal crossed U.S. spot XRP exchange-traded funds (ETFs) astatine the extremity of the 2nd quarter, according to charts shared by Bloomberg Intelligence ETF expert James Seyffart connected Aug. 31. The positions represented vulnerability equivalent to astir 176.4 cardinal XRP done publically traded money shares.

Goldman Sachs Group Inc. (NYSE: GS) led the rankings with $87.45 cardinal successful ETF vulnerability representing astir 84.05 cardinal XRP. The slope added vulnerability equivalent to 83.15 cardinal XRP during the quarter, according to Bloomberg’s compilation. Goldman’s Form 13F filed with the Securities and Exchange Commission (SEC) covered holdings arsenic of June 30 and was submitted Aug. 14.

Jane Street Group ranked 2nd with $16.64 cardinal successful vulnerability representing astir 16 cardinal XRP, including an summation of astir 13.57 cardinal XRP. Millennium Management followed with $16.20 cardinal tied to astir 15.58 cardinal XRP, though its equivalent token vulnerability accrued by lone 22,991 during the quarter.

Goldman Sachs, Jane Street, and Millennium Management led disclosed spot XRP ETF holders by dollar vulnerability successful second-quarter 13F filings. Source: HDS, Bloomberg Intelligence.

Several fiscal institutions and concern firms occupied the adjacent positions, led by Intesa Sanpaolo with $14.42 cardinal and Marex UK Holdings with $8.12 million. Ironbridge Private Wealth ranked sixth with $6.10 million, followed by Kaleidoscope Capital astatine $3.88 million, Wolverine Asset Management astatine $2.33 million, Bain Capital Private Equity astatine $2.17 million, and CreativeOne Wealth astatine $1.94 million.

Investment Advisers Dominate XRP ETF Exposure

Investment advisers dominated the holder categories with $120.89 cardinal successful vulnerability representing astir 116.20 cardinal XRP. Their equivalent XRP vulnerability accrued by 90.64 cardinal during the quarter. Hedge money managers ranked 2nd with $25.08 cardinal tied to 24.11 cardinal XRP, an summation of 3.09 cardinal XRP.

Brokerages held $17.85 cardinal representing 17.16 cardinal XRP aft adding vulnerability equivalent to 12.60 cardinal tokens. Banks reported $14.83 cardinal tied to 14.25 cardinal XRP, with their equivalent vulnerability expanding by 32,509 XRP. Private equity firms held $3.41 cardinal representing 3.28 cardinal XRP, an summation of 1.34 cardinal XRP.

Holding companies accounted for $1.24 cardinal successful vulnerability representing 1.19 cardinal XRP, though their equivalent holdings declined by 4.47 cardinal XRP. Trusts held $88,729 tied to 85,284 XRP, an summation of 515 XRP, portion corporations reported $78,005 representing 74,976 XRP, each recently added during the quarter. Across each category, disclosed holdings totaled $183.47 cardinal and represented astir 176.35 cardinal XRP. The combined equivalent XRP vulnerability accrued by 103.37 cardinal during the 2nd quarter.

Investment advisers accounted for $120.9 cardinal of the $183.5 cardinal successful disclosed spot XRP ETF exposure, followed by hedge money managers, brokerages, and banks. Source: HDS, Bloomberg Intelligence.

Filings Show ETF Shares, Not Direct XRP Ownership

Form 13F filings disclose definite securities controlled by organization concern managers overseeing astatine slightest $100 cardinal successful qualifying assets. The information screen ETF shares alternatively than tokens held directly, and the positions tin enactment market-making, arbitrage, hedging, oregon portfolio-management activity. An ETF provides indirect exposure done exchange-traded shares without transferring ownership of the underlying cryptocurrency to each shareholder.

Other second-quarter filings showed JPMorgan adding positions successful Bitwise and Grayscale XRP funds, though its reported stakes remained tiny compared with the firms starring Bloomberg Intelligence’s rankings.

XRP ETF Market Continues Expanding

U.S. spot XRP ETFs held astir $1.48 cardinal successful combined nett assets connected Sept. 4, erstwhile the funds recorded nary nett inflows oregon outflows. Cumulative nett inflows remained adjacent $1.68 billion, according to SoSoValue data.

The unchanged league followed $6.14 cardinal successful nett inflows connected Sept. 3, led by Franklin Templeton’s XRPZ with $3.19 cardinal and Bitwise with $2.95 million. One time earlier, the class recorded a $7.20 cardinal nett outflow attributed wholly to the second fund, according to daily ETF travel data.

U.S. products providing spot XRP vulnerability see Canary Capital’s XRPC, Franklin Templeton’s XRPZ, Grayscale’s GXRP, 21Shares’ TOXR, and REX-Osprey’s XRPR. The funds disagree successful fees, liquidity, custody arrangements, and ineligible structures portion providing XRP vulnerability done brokerage accounts.

The category’s largest products person continued accumulating assets alongside changes successful XRP’s marketplace value. The Bitwise XRP ETF crossed $500 cardinal successful assets 9 months aft launching, the issuer shared connected X connected Aug. 31. The fund’s official holdings data showed astir 362 cardinal XRP valued astatine $507.5 cardinal connected Sept. 3, with 32.41 cardinal shares outstanding and a 0.34% disbursal ratio.