XRP ETFs See Just Nine Red Days Since Launch as Goldman Sachs Leads Holdings

• Spot XRP ETFs have recorded a net outflow of just 9 days since their launch at the start of November; cumulative net inflows hit $1.4 billion.
• At the end of 2025, Goldman Sachs held $154 million worth of the ETFs, topping the list of the 30 largest holders.

Spot XRP exchange-traded funds have recorded consistent capital inflow since their introduction in early November 2025. The products have recorded over $1.4 billion in cumulative net inflows, despite the broader crypto market being under bearish pressure.  Bloomberg Intelligence data points to concentrated institutional ownership in the category. By the end of 2025, the top 30 holders of spot XRP ETF shares controlled about $211 million in positions. Goldman Sachs held the largest share of that total at nearly $154 million, placing it well ahead of other reported holders in the space.

The XRP ETFs have actually held up pretty well despite the massive pullback in price. They’ve taken in a cumulative $1.4 billion since launch. pic.twitter.com/Bjtmb0y40D

— James Seyffart (@JSeyff) March 10, 2026

These holdings place Goldman Sachs at the center of the XRP ETF market among disclosed investors. The bank’s exposure reflects strong participation in a fund segment that has expanded quickly within months of launch. Meanwhile, the large holder base indicates that institutional capital has continued to invest in the products even when the market has been unstable.  Recently, we reported that Ripple added Coinbase Derivatives’ BTC, ETH, SOL, and XRP futures to Ripple Prime, expanding regulated trading options for institutional clients.  Previously, CNF reported that RLUSD was last year’s second-most used digital asset in crypto donations. XRP ranked seventh as crypto philanthropy passed $100 million for the year. The report also showed wider use of Ripple-linked assets in fundraising. XRP ETF Fund Flows Remain Firm The inflow trend has continued while crypto prices have moved lower across most of the market. Bitcoin’s price decline of about 45% from its October 2025 peak has weighed on sentiment, and other tokens have posted sharper pullbacks. Still, XRP ETFs have continued to attract capital, indicating that demand for the funds has remained intact during a difficult stretch for digital assets. The list of ETF issuers includes 21Shares, Franklin Templeton, Bitwise, Canary Capital and Grayscale. The availability of multiple issuers has increased exposure to the token in exchange-traded products and boosted healthy competition. CNF detailed Ripple’s 2026 plan to expand XRPL support through new funding channels, accelerator programs, and stronger backing for independent builders. The update came as Japan-based Vlightup launched an XRP Ledger trade finance platform designed to enable faster global settlements through multi-party smart escrow and conditional fund release. Ripple Payments has also expanded into a comprehensive fiat and stablecoin infrastructure, processing over $100 billion in transaction volume in 60 countries.  XRP trades at $1.37, dipping 2.67% in the past 24 hours for a $84.24 billion market cap as trading volume hit $2.96 billion.