Goldman Sachs, Jane Street Report $104.09 Million in XRP ETF Exposure
Goldman Sachs and Jane Street reported a combined $104.09 million in spot XRP ETF exposure in second-quarter regulatory filings, highlighting the scale of their positions in U.S. investment products linked to XRP.
Crypto analyst and commentator Diana shared the figures on X, reporting that Goldman Sachs disclosed $87.45 million in XRP ETF exposure during the second quarter. Jane Street reported a position worth $16.64 million.
Together, the two institutions accounted for more than $104 million in reported exposure during the quarterly reporting period. Goldman Sachs represented nearly 84% of the combined amount, while Jane Street accounted for approximately 16%.
The figures were disclosed through 13F filings, which provide quarterly information on reportable securities held by qualifying institutional investment managers. The filings, however, do not establish whether either Goldman Sachs or Jane Street directly owns XRP outside their reported positions in regulated investment products.
Goldman Sachs Holds Majority of Reported XRP ETF Exposure
Goldman Sachs’ reported position exceeded Jane Street’s by $70.81 million, creating a substantial difference between the two institutions.
The $87.45 million disclosed by Goldman Sachs accounted for most of the $104.09 million combined exposure highlighted in Diana’s update. Jane Street’s $16.64 million position nevertheless placed the trading firm among notable institutional participants in spot XRP ETFs.
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| Source: Xpost |
Bloomberg ETF analyst James Seyffart also shared second-quarter data identifying several prominent holders of U.S. spot XRP investment products.
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| Source: Xpost |
The ownership records included Goldman Sachs, Jane Street and Millennium Management, along with other institutions such as Intesa Sanpaolo, Irobbridge Private Wealth and Citadel Advisors. Jain Global and other firms also appeared in the available records.
XRP ETFs Provide Institutional Market Exposure
Exchange-traded funds allow financial institutions to gain exposure to XRP price movements through conventional securities accounts without requiring them to directly manage blockchain wallets.
However, the presence of an XRP ETF position does not necessarily indicate a long-term view on XRP’s market performance or adoption. Institutions can hold ETF shares for various purposes, including client transactions, market-making activities, hedging, arbitrage and broader portfolio strategies.
The reported figures should also be viewed as historical snapshots. Institutional holdings can change after a reporting period and before the information becomes publicly available through regulatory filings.
For the second quarter, Goldman Sachs reported $87.45 million in spot XRP ETF exposure, while Jane Street disclosed $16.64 million. Their combined position of $104.09 million represents measurable institutional participation in U.S. spot XRP investment products, with Goldman Sachs accounting for the majority of the exposure between the two firms.
Writer: Marcus RenfieldCrypto Market Analyst & Onchain WriterMarcus Renfield covers cryptocurrency markets with a focus on onchain data, Bitcoin price action, and emerging market narratives. His writing examines how capital flows, network activity, and broader market structure influence short- and medium-term trends.He aims to provide clear, data-informed analysis for readers seeking a deeper understanding of crypto market dynamics.