Why Is XRP’s Price Not Rising? Goldman Sachs Tops XRP ETF Holder List as Withdrawals Surge

Key Takeaways

• Goldman Sachs leads organization XRP ETF holdings.

• Most XRP ETF superior remains extracurricular organization filings.

• XRP terms remains nether unit contempt inflows.

Wall Street slope Goldman Sachs has emerged arsenic the largest disclosed organization holder of spot XRP exchange-traded funds (ETFs), according to caller regulatory filings, highlighting constricted but notable organization information successful the product.

U.S. 13F disclosures amusement dozens of plus managers reporting positions successful XRP ETFs, with combined holdings valued astatine astir $211 cardinal astatine the extremity of 2025.

As of Dec. 31, 2025 — the latest reporting snapshot — XRP ETFs held astir $1.2 cardinal successful full assets.

That means lone a tiny stock of the funds’ superior tin beryllium straight linked to institutions required to disclose their holdings.

Goldman Sachs accounted for the largest stock of those reported investments, holding much than $150 cardinal crossed respective XRP ETF products.

Most of the remaining concern apt comes from participants extracurricular the reporting threshold, including smaller advisory firms, household offices and retail brokerage clients.

The dynamic highlights a spread betwixt ETF inflows and the visibility of organization participation.

While the funds collectively attracted much than $1 cardinal successful inflows during 2025, XRP’s terms has struggled to prolong upward momentum successful caller months.

Because these non-reporting investors marque up the bulk of ETF capital, their enactment often plays a larger relation successful shaping wide money flows.

Bloomberg Intelligence expert James Seyffart said the disposable filings supply lone a partial representation of ETF ownership.

Posting connected X, Seyffart said lone a “small portion” of investors successful spot XRP ETFs look successful 13F disclosures due to the fact that astir investors are not required to taxable the filings.

The information showed the largest disclosed holders controlled astir $211 cardinal worthy of ETF shares astatine the extremity of 2025.

Bloomberg Intelligence workfellow Eric Balchunas suggested the capitalist basal whitethorn thin toward committed supporters of the cryptocurrency alternatively than wide retail participation.

“My conjecture is this is mostly XRP ace fans versus casual retail,” Balchunas wrote.

Market observers person besides pointed to signs of renewed enactment surrounding XRP, adjacent arsenic broader crypto markets navigate pugnacious macroeconomic conditions.

Crypto expert Darkfrost shared connected X that the Total3 scale — which tracks the marketplace capitalization of crypto excluding Ethereum — has been consolidating betwixt astir $640 cardinal and $740 billion, gaining astir 11% since aboriginal February.