Goldman Sachs Reports $86.5M XRP ETF Position as Wells Fargo Adds $9.2M

The 13F filings landed after market close on Friday. Goldman Sachs Asset Management reported $86.5 million spread across five XRP exchange-traded products. Wells Fargo's wealth division disclosed $9.18 million in a single fund. CoinGecko data shows together, the two banks put $95.7 million of institutional capital behind the token that regulators once labeled a security. ## The filings in detail Goldman's position spans five products. Wells Fargo's stake is concentrated in one. Neither bank filed a Form 4 or Schedule 13D, these are passive holdings reported under the quarterly 13F regime, not activist bets. The exposures appear in the "Other Investments" bucket of each 13F, alongside positions in bitcoin and ether funds that have been reported for prior quarters. per CoinGecko, ## Price action and volume XRP changed hands at $1.46 when the filings hit the wire, down 3.46% on the session but still 47.9% higher than seven days earlier. The 7-day close series, 1.00, 1.11, 1.27, 1.46, 1.46, 1.52, 1.48, shows a steady climb from the low-$1.10s to the mid-$1.50s before pulling back to current levels. Volume on the day topped $5.2 billion, well above the 30-day average.

## Regulatory backdrop The disclosures arrive as the SEC's stance on XRP continues to shift. A federal judge ruled in July 2023 that programmatic sales of XRP on exchanges did not constitute investment contracts. That decision opened the door for issuers to launch XRP exchange-traded products without fear of enforcement. Multiple providers have since brought exchange-traded notes or funds to market, mostly in Europe and Canada, with a handful accessible to U.S. participants via exemptive relief. Figures from the desk show ## Market context The total crypto market cap stood at $2.67 trillion on the day, with bitcoin dominance at 59.1% and ether at 11.1%. XRP ranked fifth by market capitalization at $91.6 billion. Circulating supply sits at 62.7 billion tokens against a total supply of 99.9 billion. ## What to watch The next 13F cycle ends September 30. Filings will show whether Goldman adds to its position or rotates into fewer vehicles, and whether Wells Fargo expands beyond its single fund. A spot XRP ETF approval in the U.S., still pending at the SEC, would likely trigger a re-rating of these holdings from niche alternatives to core allocation candidates.