Institutional investors’ interest in US spot cryptocurrency ETFs continues to grow. At this point, institutional investors are also investing in altcoins other than the two largest cryptocurrencies, Bitcoin (BTC) and Ethereum (ETH).
At this point, according to the latest data, institutional investors’ interest in XRP ETFs continues to increase.
At this point, Chad Steingraber, a prominent figure in the XRP community, shared a list of institutional investors who have invested in XRP ETFs, led by banking giant Goldman Sachs.
However, Goldman Sachs’ Q1 13F filing with the US Securities and Exchange Commission (SEC) shows no XRP-related ETFs. This is interpreted as the company selling its XRP ETF holdings in the first quarter.
Goldman Sachs was the largest holder of XRP ETFs. Accordingly, Goldman Sachs had $153.8 million invested in XRP ETFs held by Bitwise, Grayscale, and 21Shares. However, according to the latest announcement, the company appears to have sold all of its XRP ETF holdings.
The shared list also includes prominent names such as UBS Group, Millennium Management, Citadel Advisors, Marex Group, Jane Street Group, and Bank of America.
Market analysts are interpreting the continued inflows into XRP ETFs during periods of price volatility as a sign of strong investor confidence.
*This is not investment advice.
