Goldman Sachs Expands Crypto Footprint with Major XRP and Solana ETF Stakes

Key Facts

1Goldman Sachs has become the largest institutional holder of U.S. spot XRP ETFs with a $153 million investment.

about 1 month ago

Version History

2 additional sources confirmed this story

Version 20about 1 month ago

Version 19about 1 month ago

What changed: Added information regarding GraniteShares delaying its leveraged XRP ETFs for the fifth time within three weeks.

Version 18about 1 month ago

What changed: Added information regarding Tuttle Capital's filing for a new XRP-linked income ETF.

Version 17about 1 month ago

What changed: The story was updated to include new data showing that the first U.S. spot XRP ETF has declined by 55% since its debut.

Version 16about 1 month ago

What changed: Added April inflow figures for XRP ETFs and a new fund filing by Tuttle Capital.

Version 15about 1 month ago

What changed: Updated the story with new data showing high-net-worth investors concentrating 83% of interest in Bitcoin and favoring major caps over oversold smaller altcoins.

Version 14about 1 month ago

What changed: Added information regarding Ripple Custody's expansion as a core infrastructure provider for institutional digital asset custody.

Version 13about 1 month ago

What changed: Added a bullish XRP price projection from Bitwise's Chief Investment Officer.

Version 12about 1 month ago

What changed: Added details regarding the launch of Trade at Settlement (TAS) for XRP futures on Coinbase and its effective date of May 1.

Version 11about 1 month ago

What changed: Updated the story to include new data showing that IBIT options open interest on Nasdaq has surpassed Deribit, highlighting a shift in institutional liquidity toward regulated U.S. venues.

Version 10about 1 month ago

What changed: Added information regarding the coalition of 120 crypto firms lobbying for the passage of the CLARITY Act.

Version 9about 1 month ago

What changed: Added specific quantification of the net capital inflows into the XRP Ledger, totaling $1.1 billion over the last month.

Version 8about 1 month ago

What changed: The story was updated to include the milestone of XRP Ledger outperforming Ethereum in net capital inflows over the past 30 days.

Version 7about 1 month ago

What changed: Updated the story to include Goldman Sachs' new $108M stake in Solana ETFs and the record 25.3 billion transactions on the Solana network.

Version 6about 1 month ago

What changed: Added specific high-net-worth investor positioning data showing an 83% concentration in Bitcoin and technical oversold signals for altcoins.

Version 5about 1 month ago

What changed: Added specific data on BlackRock's IBIT performance, the 8-day duration of the Bitcoin ETF streak, and the contrasting outflows in Ether ETFs.

Version 4about 1 month ago

What changed: Updated total Bitcoin ETF inflows to $2.4 billion following a $223.2 million daily intake, marking the strongest performance since October.

Version 3about 1 month ago

What changed: Added fundamental analysis regarding XRP's deflationary characteristics and its potential role as an inflation hedge.

Version 2about 1 month ago

What changed: The story was updated to highlight the widening gap in capital inflows between Bitcoin and XRP, noting Bitcoin's continued dominance in attracting institutional interest.

Version 1about 1 month ago

What changed: Updated the story to include record Bitcoin ETF inflows and BlackRock's dominance in new market flows.

Goldman Sachs has significantly expanded its digital asset portfolio, holding a $153 million position in spot XRP ETFs and a $108 million stake in Solana. Amidst this institutional growth, GraniteShares has delayed the launch of its 3x leveraged XRP ETFs until May 7, marking the fifth postponement for these products in just three weeks. This regulatory friction contrasts with the recent filing by Tuttle Capital for a new XRP Income Blast ETF, which aims to diversify investment options. While spot XRP ETFs attracted $75 million in net inflows during April, the first U.S. spot XRP ETF has struggled, crashing 55% since its debut. These updates highlight a complex landscape where institutional adoption faces ongoing regulatory hurdles and high market volatility.