Goldman Sachs Leads Wall Street in Spot XRP ETF Holdings With $87.4 Million
Summary
- Goldman Sachs' spot XRP ETF holdings totaled $87.4 million, the largest among U.S. institutional investors.
- Cumulative net inflows into spot XRP ETFs have steadily climbed to about $1.8 billion since launch.
- Ripple's dollar stablecoin RLUSD has surpassed a $2 billion market capitalization, with more than $1 billion of that issued on the XRP Ledger (XRPL).
Forecast Trend Report by Period
Goldman Sachs holds the largest position in spot XRP exchange-traded funds among U.S. institutional investors.
Coinpedia, a cryptocurrency-focused media outlet, reported on Sept. 1, citing Bloomberg Intelligence second-quarter 13F filings, that Goldman Sachs' spot XRP ETF holdings totaled $87.4 million. That was an increase of $83.1 million from the previous quarter.
Jane Street Group ranked second with $16.6 million, followed by Millennium Management with $16.2 million, Intesa Sanpaolo with $14.4 million and Marex UK Holdings with $8.1 million.
Funds flowing into spot XRP ETFs have also continued to increase. James Seyffart, a Bloomberg ETF analyst, said cumulative net inflows into spot XRP ETFs have reached about $1.8 billion since launch.
Ripple's dollar-backed stablecoin RLUSD has also recently surpassed a $2 billion market capitalization. More than $1 billion of that total was issued on the XRP Ledger, or XRPL.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.