Goldman Sachs Rebuilds $86.5 Million XRP ETF Stake Across 5 Funds After Q1 Exit
Updated
Updated · Yahoo Finance · Aug 25
Goldman Sachs Rebuilds $86.5 Million XRP ETF Stake Across 5 Funds After Q1 Exit
3 articles · Updated · Yahoo Finance · Aug 25
Summary
$86.5 million of spot XRP ETF exposure appeared in Goldman Sachs' June 30 13F, spread across five funds after the bank reported no XRP ETF holdings at the end of Q1.
Bitwise and Franklin Templeton accounted for about $25.8 million and $25.4 million respectively, while the filing does not show whether the positions were for investment, hedging, market-making or client activity.
XRP derivatives gave a mixed read on whether that renewed institutional interest points to a rally: whale long-short ratios reached 2.18 on Binance and 23.38 on OKX, but Binance and Bybit smart-money signals stayed bearish.
Coinbase order-book data also showed large buy and sell walls around XRP's current price, suggesting whales are containing the token near current levels rather than setting up an immediate breakout.