Goldman Sachs, Jane Street Group, and Millennium Management were the three largest reported holders of spot XRP ETFs in second-quarter 13F filings, according to Bloomberg Intelligence data shared by James Seyffart on August 31.
The filings show that institutional exposure has grown alongside a sharp increase in XRP ETF inflows, even as the Ripple token itself has pulled back from its August highs.
Advisors Dominate XRP ETF Holdings
Bloomberg’s compilation puts Goldman Sachs well ahead of other reported holders, with $87.4 million in ETF exposure representing 84 million XRP. Jane Street followed with just under 16 million XRP, worth $16.6 million, while Millennium Management held 15.5 million tokens valued at about $16.2 million.
Intesa Sanpaolo ranked fourth with $14.4 million in exposure, followed by Marex UK Holdings at $8.1 million. Citadel Advisors also appeared in the filing data, although its XRP exposure fell by $645,000. But SIG Holdings recorded a much larger reduction, with its reported XRP exposure down by roughly $4.6 million.
Across the identified holders, total exposure reached $183.5 million, representing about 176.4 million XRP. Bloomberg also grouped the holders by category and found investment advisors far ahead of the other groups, with $120.9 million in exposure. Hedge fund managers accounted for $25.1 million, brokerages for $17.9 million, and banks for $14.8 million.
ETF Demand Rises While XRP Price Cools
The numbers come as demand for spot XRP ETFs has picked up, with the funds attracting $110.5 million during the week ending August 28, their strongest five-day inflow since the first week of December 2025, when they drew in more than $230 million. SoSoValue data shows another $5.6 million entered the products on August 31, taking cumulative net inflows to about $1.67 billion, with total net assets reaching roughly $1.45 billion.
Meanwhile, the token itself was trading near $1.40 at the time of writing, having hit a multi-month high of $1.70 last week. Although that price represents a nearly 9% dip over seven days, it is still 28% higher than where it was a month ago and almost 40% up from its level two weeks ago. That said, XRP’s value is still nearly half of what it was this time last year, and it is stuck approximately 62% below its all-time high of $3.65 recorded in July 2025.
Traders are now watching the $1.35 to $1.38 zone closely, since a break below could open the door to more downside, while analyst Ali Martinez fingered $1.60 as the next major resistance level were XRP to attempt another recovery.
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