XRP ETF: Goldman Sachs outperforms other Wall Street giants

Net inflows were recorded in US XRP ETFs for eleven consecutive sessions. This series, which began on August 18, brought them nearly 170 million dollars and brought their cumulative flows to 1.68 billion since their launch. At the same time, the second quarter publications position Goldman Sachs in first position among known institutional investors. However, these two statistics do not cover the same period and do not allow recent flows to be linked to the American bank.

XRP ETFs chain eleven sessions of net inflows

XRP ETFs captured another $14.38 million on 1^er september. This session was dominated by Franklin Templeton with $6.63 million, ahead of Grayscale and its $4.72 million.

Thus, this influx of capital extends a positive sequence that began on August 18. The five US funds attracted nearly $170 million in eleven days. Since their launch in November 2025, the cumulative sum is now around $1.68 billion.

The main data observed summarize this dynamic:

• XRP ETFs have achieved eleven consecutive sessions of entries;
• The collection reached approximately 170 million dollars over this period;
• Cumulative flows amount to $1.68 billion since November 2025;
• Franklin Templeton and Grayscale captured 11.35 million on 1^er september.

Despite this demand, XRP gave up some of its gains. The token was around $1.33 on September 2, up from around $1.45 on August 27. However, its price remains above the level close to 1 dollar observed in mid-August.

This divergence confirms that flows into ETFs do not alone determine the price. The derivatives market, direct sales of XRP, the rise of bitcoin and the macroeconomic environment can balance the demand generated by the funds.

Bitcoin ETFs maintain a considerable lead

This collection of $1.68 billion demonstrates effective demand for XRP ETFs since their launch. Therefore, this amount remains limited compared to flows directed towards Bitcoin ETFs.

Bitcoin funds recorded $2.26 billion over just six sessions at the close of August. They have therefore attracted almost 35% more in a few days than the XRP ETFs since November 2025.

This comparison must take into account the respective sizes of the two markets. The valuation of bitcoin, its age and its liquidity with institutional investors remain significantly higher. Its ETFs have also been available since January 2024.

The evolution of XRP products must therefore be assessed on the scale of this asset. A series of eleven positive sessions attests to constant demand, however it is not yet enough to position these funds at the same level as their bitcoin-backed equivalents.

Goldman Sachs held $87.4 million as of June 30

Goldman Sachs was the first reported institutional holder of the XRP ETF at the end of the second quarter. The banking institution held nearly $87.4 million in shares, according to data compiled from Forms 13F.

As for second place, it was occupied by Jane Street with 16.6 million dollars, just ahead of Millennium Management and its 16.2 million. The position declared by Goldman was thus more than five times that of its closest competitor.

In total, reporting investors owned nearly $183 million worth of XRP ETFs as of June 30. Investment advisors accounted for about 120 million, compared to 25 million for hedge funds, 17 million for brokers and 14 million for banking institutions.

It was on August 14 that the SEC received the Form 13F filed by Goldman Sachshowever it reveals the positions as of June 30. It therefore precedes the series of entries started on August 18 by almost two months.

These statements also do not show the institutions’ total exposure. Goldman Sachs may own shares for its clients, ensure the liquidity of the funds or hedge these positions with derivative contracts. The declared amount therefore does not necessarily represent a directional bet of $87.4 million on the rise of XRP. Ultimately, the upcoming publication of Forms 13F in November will reveal whether Goldman Sachs and other major players maintained or changed their positions during the August rebound.