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Currently, at least 30 corporate investors hold positions in exchange-traded funds backed by Ripple’s cryptocurrency XRP. The total investment from these investors in XRP-ETFs exceeds $210 million, according to Bloomberg Intelligence.
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A significant portion of the disclosed corporate assets is attributed to the American investment bank Goldman Sachs. The organization’s investment amounts to $153.81 million, which is roughly equivalent to 83.63 million XRP tokens.
In second place, with a considerable gap, is the management firm Millennium Management. Its investments in XRP funds are valued at $23.07 million, corresponding to about 12.54 million tokens. Rounding out the top three is Logan Stone Capital, with an investment volume of $5.29 million.
Other major holders of XRP-ETF shares primarily include hedge funds and large trading firms:
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Cit Citadel Advisors — $4.52 million;
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Jain Global — $3.39 million;
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Marex Group — $3.37 million;
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Gallacher Capital Management — $2.56 million;
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DRW Securities — $2.41 million;
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Jane Street — $1.99 million.
The total asset volume of the five spot XRP-ETFs is approximately $967 million, as reported by SoSoValue. Since March 5, the funds have primarily experienced a consistent outflow of capital. On March 12, the spot ETFs for XRP lost $6.08 million. The largest outflow occurred in the 21Shares XRP ETF (TOXR), which saw a withdrawal of $3.09 million in a single day.
Previously, it was reported that the banking conglomerate Goldman Sachs reduced its stake in major cryptocurrency exchange-traded funds (ETFs). The investment bank currently manages cryptocurrency-related assets totaling over $2.36 billion.
