Goldman Sachs emerges as top XRP ETF holder, alongside wave of ‘super fans’: analysts
The Block
Goldman Sachs is the largest holder of spot XRP ETF shares, though analysts suggest many unknown 'super fans' also hold significant amounts.Summary
Goldman Sachs was the largest holder of spot XRP exchange-traded fund shares at the end of last year, accounting for nearly $154 million of the $211 million held by the top 30 visible investors. Bloomberg Intelligence analysts James Seyffart and Eric Balchunas noted that only a small portion of spot XRP ETF investors are visible through required 13F filings, suggesting the majority are likely dedicated XRP 'super fans' rather than casual retail investors. By year-end 2025, these funds had attracted over $1 billion in cumulative inflows, and as of the time of reporting, spot XRP funds managed $1.44 billion in combined assets. These ETFs allow investors to gain exposure to XRP's price without directly holding the token.
(Source：The Block)