Goldman Sachs has increased its investments in crypto-related assets to $2.36 billion. One of the more closely watched parts of that exposure is linked to XRP, with data showing roughly $152 million held through exchange-traded funds.
XRP ETF position stands out in the bank’s crypto allocation
The source describes Goldman Sachs as one of the major U.S. banks with a notable position in crypto-linked assets, even though cryptocurrencies still make up a relatively small share of its broader portfolio. Within that allocation, a large portion of the bank’s XRP exposure is structured through ETFs, totaling about $152 million.
A commentary cited in the report says discussion around the size of those XRP ETF holdings points to visible institutional buying signals, with high-volume transactions seen recently. No counterparties or trade-by-trade figures were provided in the source. The emphasis was on the presence of institutional activity rather than precise deal details.
U.S. spot XRP ETFs top $1.04 billion in net assets
Spot XRP ETFs in the United States now hold more than $1.04 billion in net assets. The products began trading 56 days ago, and only four sessions have recorded outflows so far. That pattern suggests continued institutional interest and relatively steady flows into the segment.
Goldman Sachs remains one of the world’s largest investment banks, advising public institutions and large corporations on mergers, capital markets, and restructuring. It is also active in trading, asset management, and portfolio management. By early 2026, the firm’s assets under management had reached $3.6 trillion.
Its view on Bitcoin became less rigid after 2020
Before 2020, Goldman Sachs had taken a cautious line on Bitcoin and other digital assets. According to the source, executives and research teams often described Bitcoin as a speculative instrument with limited appeal from a traditional finance perspective. Their assessments at the time focused on volatility and regulatory risk, and they did not consider cryptocurrencies suitable for conservative portfolios.
That position shifted after 2020 as institutional interest grew. Goldman Sachs reopened its cryptocurrency trading desk, enabled access to derivative products, and published analysis suggesting Bitcoin could serve as a possible hedge against inflation. Even so, the bank stopped short of treating digital assets as a primary asset class.
The crypto market decline in 2022 brought infrastructure risk and counterparty risk back into focus. More recently, Goldman Sachs has taken a cautious approach centered on ETFs and tokenization projects. The source adds that, despite changes in strategy, the bank still views cryptocurrencies mainly as speculative investments.