Goldman Sachs, Jane Street, and Millennium Management rank among the largest holders of newly listed XRP exchange-traded funds, according to second-quarter 13F filings compiled by Bloomberg ETF analyst James Seyffart and reported by Cointelegraph on September 1, 2026. The disclosures give the first clear read on which institutions bought into spot XRP funds after they began trading, and the names on the list are notable for a token that spent years tied up in litigation with the U.S. Securities and Exchange Commission.
The filings land during a soft stretch for the asset. XRP traded at $1.38 as of September 1, 2026, up 1.8% on the day but down 8.66% over the prior week, the weakest seven-day move among major tokens while the broader market held a Fear and Greed reading of 75, or "Greed."
The names behind the filings
A 13F is a quarterly disclosure that institutional managers overseeing more than $100 million must file with the SEC, listing their U.S. equity and fund positions as of the end of the quarter. Because ETFs trade as securities, spot XRP funds show up in these filings the same way an S&P 500 fund would. That is what makes the Q2 data useful: it converts vague claims of "institutional interest" into named positions.
Goldman Sachs and Millennium Management are among the largest allocators in the traditional finance world, and Jane Street is one of the most active market makers in both equities and crypto. Their appearance does not automatically signal a long-term directional bet. Market makers like Jane Street routinely hold ETF inventory to support trading and authorized-participant activity, and bank positions can reflect client-facing or hedging books rather than proprietary conviction. The filings show holdings as of the quarter's end, not why each firm held them.
Still, the presence of these desks matters. For most of XRP's history, regulated U.S. institutions had no clean way to hold it, and many avoided the token entirely because of the SEC case against Ripple. A named 13F position is a different posture than sitting it out.
From courtroom to fund wrapper
XRP's institutional gap was not about demand. It was about access and legal risk. The multi-year SEC lawsuit left many compliance teams unwilling to touch spot XRP, even as retail traders kept the token among the most heavily traded in the market. The ETF wrapper removed that friction. A fund holds the token, handles custody, and trades on a regulated exchange, so an institution can take exposure without directly holding or moving XRP itself.
That structural shift is now showing up in flow data. XRP ETFs have drawn record inflows in recent weeks, a trend we covered when a 115 million XRP short position collided with heavy ETF buying, raising the risk of a squeeze. The Q2 13F names put institutional faces on some of that demand.
The same wrapper logic explains why traditional finance keeps building XRP-linked products. The SEC recently cleared Evernorth, an XRP treasury company, for a Nasdaq listing, another route for public-market investors to gain exposure through equity rather than tokens.
Reading the signal without overreading it
The filings confirm participation, not conviction. Q2 13F data is a snapshot as of quarter-end and is already several weeks stale by the time it publishes, so these firms may have added to or trimmed the positions since. Market-maker inventory in particular can turn over quickly and says little about a firm's view on price.
What the data does establish is that XRP has crossed from a token institutions avoided on legal grounds into one that appears, by name, on the books of Goldman Sachs, Jane Street, and Millennium. For an asset defined for years by its fight with a regulator, the shift from courtroom exhibit to 13F line item is the story.
For everyday holders, the practical takeaway is narrower. ETF adoption deepens liquidity and can tighten spreads for the token itself, but it does not change how XRP works for spending or self-custody. Anyone using XRP or other tokens through a crypto card is still relying on the conversion and custody design of the card issuer, not on who holds the ETF. Institutional inflows and card-level economics move on separate tracks.
Overview
Q2 13F filings compiled by Bloomberg's James Seyffart show Goldman Sachs, Jane Street, and Millennium Management among the largest holders of spot XRP ETFs, the first named look at institutional participation since the funds launched. XRP traded at $1.38 as of September 1, 2026, down 8.66% on the week. The filings confirm that regulated desks now hold a token they long avoided during the SEC case, though quarter-end snapshots and market-maker inventory mean the data shows participation rather than directional conviction.
