Goldman Sachs Expands XRP ETF Position to $87 Million

Goldman Sachs is the largest institutional holder of spot XRP ETFs with a position of $87 million, following an expansion of $83 million in one quarter. The XRP price hovers around $1.40, creating a gap between the demand for funds and the price. The 13F filings for the second quarter show that Goldman Sachs is leading, followed by Jane Street and Millennium. However, the figures are delayed and do not reflect recent developments. The cumulative net inflow into U.S. spot XRP ETFs amounts to $1.8 billion, with the Bitwise fund reaching $500 million in assets under management after nine months. Despite the decline in the XRP price, funds continue to buy, leading to a significant separation between price and inflow. An XRP price of $5 would require a market value of over $300 billion, which means a tripling of the current value. This requires growth in ETF inflows, more involvement from banks, and a manageable monthly escrow release. Without these conditions, the $5 price remains a scenario rather than an expectation.

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