Markets March 11, 2026

Goldman Sachs Holds $154M in XRP ETFs as Undisclosed ‘Superfan’ Investors Surge

A surprising yet prominent name has emerged as one of the biggest known members of the XRP ETF investors list. According to data from Bloomberg Intelligence analysts, Goldman Sachs held the largest reported position in spot XRP exchange-traded funds (ETFs) at the end of 2025.

The bank’s holdings were valued at about $154 million. It should be noted that the total holdings of the top 30 institutional investors stand at $211 million. While these numbers highlight growing XRP institutional demand, analysts say they only reveal a fraction of who actually own these funds.

Many investors never show up in public data. In the US, only firms managing more than $100 million in qualifying securities must submit quarterly 13F filings to regulators. Therefore, a large portion of XRP ETF investors are left effectively invisible.

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How XRP ETF Investors and Superfans Are Driving Massive Institutional Demand

The hidden ownership may belong to one of crypto’s most persistent communities. Analysts increasingly suspect that XRP superfans, who are the long-time retail supporters of the token, account for a notable share of ETF participation.

Bloomberg Intelligence analyst Eric Balchunas suggested the majority of buyers could be these XRP superfans and not traditional retail traders. In addition, it should be noted that XRP has maintained one of the most vocal and supportive communities in the market for years. Balchunas further said,

“My guess is this is largely XRP super fans versus casual retail.”

The growing ETF market shows that interest is not just limited to retail investors. XRP ETF inflows have passed the $1 billion mark. The total value traded stands at $12.61 million. The first spot XRP ETF by Canary Capital went live only in November 2025.

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Now, several firms are offering spot XRP ETFs. This includes 21Shares, Bitwise Asset Management, and Franklin Templeton. These products allow investors to gain exposure to XRP’s price without holding the asset directly. Despite these developments, overall market volatility has caused chaos. The XRP ETF market saw $22 million in ETF outflows across three days in early March.

Between institutional capital and deeply loyal XRP superfans, the ETF market is starting to look far bigger than the filings suggest. At press time, XRP was trading at $1.37 following a 0.72% drop over the past 24 hours. This dip comes after the altcoin’s notable surge to $1.44.