Q2 13F Filings Reveal Major Wall Street Firms Hold XRP ETF Positions, Goldman Sachs Leads

The Q2 2025 round of 13F filings, required disclosures from large institutional investment managers, has revealed that several major Wall Street firms have accumulated XRP exposure through exchange-traded fund products. Goldman Sachs, Jane Street, and Citadel Advisors are among the institutions named in the filings as having positions in XRP-linked ETFs.

Goldman Sachs has been identified as the largest institutional XRP ETF holder in the Q2 data, with a reported position valued at over $83 million. Multiple independent sources highlighted this figure as a notable development in the ongoing institutionalization of XRP.

The filings also raise questions about the trajectory of the XRP ETF market. One area of focus is whether larger asset managers could accelerate their market share in XRP ETFs by adopting in-kind redemption mechanics, a structure already in use in the Bitcoin ETF space where one manager alone has taken in over $5 billion worth of Bitcoin through that mechanism.

The 13F disclosures are backward-looking snapshots of positions held at the end of a reporting period and do not necessarily reflect current holdings. However, the breadth of institutions represented across these filings is being interpreted by observers as an indication that the early adoption phase of XRP ETFs among professional money managers is progressing.