Global investment bank Goldman Sachs has become the largest holder of XRP exchange-traded funds (ETFs), with a $153.8 million exposure as of March 2026, according to the latest data from Bloomberg Intelligence. Millennium Management LLC is the second-largest holder with $23 million. This institutional investment signals growing confidence in digital assets from traditional finance, despite XRP’s price remaining stagnant and down significantly from its peak.
The data reveals that institutional interest in XRP ETFs is growing, marking a new wave in crypto investments. It also signals increasing confidence in digital assets by traditional banks and funds.
Goldman Sachs’ entry into XRP ETFs brings trust back into the broader cryptocurrency market. This development occurs while retail investors remain skeptical about entering the XRP market due to its downturn.
The Ripple native token has shed close to 35% in value over the past year and struggles to climb above $1.50. It is now down nearly 63% from its all-time high of $3.65, with fears of it falling below $1.
However, Goldman Sachs clients are confident the XRP ETFs could generate desired profits. This institutional move could be a massive signal to retail traders about renewed positive momentum.
External geopolitical factors are also influencing market sentiment. The Israel-Iran-US conflict is making traders skeptical as the offensive stance escalates, putting off many investors during the crisis.
