Goldman Sachs Discloses $86.5M XRP ETF Exposure as Trading Volumes Surge

Goldman Sachs has disclosed $86.5 million in exposure across five XRP ETFs, according to a Q2 13F filing, marking a return to XRP ETF exposure after the bank reported no holdings in the first quarter.

The disclosure comes as trading activity in the Bitwise XRP ETF has surged over the past three sessions, while separate data highlights growing activity around the XRP Ledger.

Goldman Sachs Returns to XRP ETFs

Goldman Sachs reported $86.5 million across five XRP ETFs in its Q2 13F filing, according to the information shared by CoinDesk.

Goldman Sachs' latest disclosure comes after XRP ETF Inflows Hit $1.55 Billion Record Amid 70% Price Surge, which covered the acceleration in XRP ETF demand and the category's record cumulative inflows.

The filing represents a notable change from Q1, when Goldman Sachs had completely exited its XRP ETF positions.

The renewed exposure comes as XRP ETFs experience a sharp increase in trading activity, with the Bitwise XRP ETF recording particularly strong volumes.

Bitwise XRP ETF Volume Hits New Highs

Trading activity in the Bitwise XRP ETF has accelerated significantly over the past three sessions.

According to the data shared by Teddy Fusaro, more than $80 million worth of the ETF traded in the latest session. The previous two sessions each recorded more than $60 million in volume.

Each of those three sessions would have represented the Bitwise XRP ETF's highest trading-volume day since its launch, highlighting the sharp increase in market activity.

The surge in ETF activity provides additional context for Goldman Sachs' renewed XRP ETF exposure, although the filing itself does not explain the reason behind the bank's investment decisions.

JPMorgan Expands Digital Asset Activity on XRPL

Separate information shared by BSC News highlights JPMorgan's growing digital-asset activity involving the XRP Ledger (XRPL).

JPMorgan's Kinexys unit has reportedly settled cross-border transactions involving tokenized U.S. Treasuries in around five seconds through integrations involving Ripple and Mastercard infrastructure.

The bank is also working on tokenizing QQQ and SPY for production trading with DTCC, according to the post.

Meanwhile, JPMorgan's wJPM token remains available for 24/7 liquidity on a decentralized exchange built on the XRP Ledger.

XRP Institutional Activity Gains Attention

The three developments point to increasing activity around XRP-linked investment products and the XRP Ledger.

Goldman Sachs' $86.5 million XRP ETF exposure, the sharp increase in Bitwise XRP ETF trading volume and JPMorgan's reported XRPL activity are now key developments for investors watching institutional participation in the XRP ecosystem.