Goldman Sachs and Jane Street Top XRP ETF Filings

Market data shows goldman Sachs and Jane Street accumulated the bulk of $183.5 million in disclosed spot XRP ETF holdings during the second quarter. Bloomberg Intelligence data tracks those positions across major 13F filers, representing roughly 176.4 million XRP locked inside institutional portfolios.

The filings resolve weeks of speculation over institutional XRP ETF portfolio disclosures following the launch of dedicated funds.

The $183.5 Million Filing Ledger

Institutional interest in spot XRP investment products gained momentum when issuers rolled out exchange-traded vehicles for XRP earlier this year. Second-quarter 13F reports now confirm that prime brokerage desks and multi-strategy managers established immediate positions.

Millennium Management joined Goldman Sachs and Jane Street at the peak of the registry. Per market reports, the combined $183.5 million exposure across known filers accounted for approximately 0.28% of the 62.74 billion circulating XRP supply.

Jane Street operated primarily as an authorized participant and liquidity provider, whereas Millennium operated discretionary long books. Goldman Sachs filed positions across client wealth advisory accounts and institutional trading inventory.

Jane Street Liquidity Meets Prime Broker Books

The inflection point arrived when tier-one banks moved beyond passive clearing mandates into balance-sheet allocations. Goldman Sachs topped the roster by expanding allocations through multiple fund tranches rather than a single direct holding.

Jane Street supported order books through continuous arbitrage between spot XRP and fund shares. That dual dynamic between market maker inventory and asset manager custody absorbed supply without triggering steep slippage on spot desks.

CoinGecko at 14:00 UTC Sept. 6 shows XRP trading at $1.41, up 1.07% on the day. The token gained 1.60% across seven days, touching a week low of $1.33 before reclaiming the $1.41 mark.

Figures from the desk show ``` Total Market Cap: $2.69T | BTC Dominance: 59.3% | ETH Dominance: 11.2% ```

The broader market dropped 2.62% in aggregate capitalization to $2.69 trillion over 24 hours, yet XRP maintained relative strength. Daily trading volume for XRP reached $1,456.4 million, anchoring its rank as the fifth-largest crypto asset.

Tracking the Next 13F Filing Window

Traders now track whether third-quarter disclosures show institutional accumulation or short-term trade hedging.

The next quarterly deadline will reveal whether banks expanded spot holdings into year-end or trimmed exposures during August volatility. Desks watch if competing hedge funds match Millennium Management's second-quarter commitment.