
Goldman Sachs has become the largest institutional holder of U.S. spot XRP exchange-traded funds (ETFs), with a reported $87.4 million exposure as of Q2 2026, marking a significant increase from the previous quarter. This rise highlights growing institutional participation in XRP ETFs, whose cumulative inflows are approaching $1.8 billion. While these holdings reflect ETF securities rather than direct XRP ownership, the trend indicates expanding demand and integration of XRP-linked products in traditional finance portfolios. Despite this, XRP's market price remains below recent highs, showing a divergence between institutional ETF interest and token price performance.