Goldman Sachs Rebuilds $86.5M XRP ETF Position in Q2

Goldman Sachs has returned to XRP exchange-traded funds, disclosing a combined $86.5 million position across five products in its second-quarter regulatory filing. The filing shows $25.76 million in the Bitwise XRP ETF and $25.41 million in the Franklin XRP Trust, with the remainder spread across Canary's XRP ETF at $19.49 million, the 21Shares product at $8.21 million and Grayscale's XRP Trust at $7.66 million. That makes Goldman Sachs the largest institutional holder of XRP ETFs among filers that have reported second-quarter positions. It also ends a one-quarter absence: the previous filing contained no XRP ETF exposure, while an earlier reporting period had shown about $153 million in the funds before the bank sold the entire stake. The bank was an authorized participant for the ETF launches, a role that entails creating and redeeming shares, which could explain some historical swings in its reported inventory. The latest disclosure is nonetheless being read as a renewed commitment to the altcoin at a time of strong price momentum. XRP climbed roughly 40% during the week, from near $1 to approximately $1.37, with trading volume rising more than 116% to above $10 billion. Supporting the move was an announcement that Ripple, ClearPool and Cicada Credit are developing an institutional lending platform on the XRP Ledger aimed at the private credit market, a development highlighted in the same reporting cycle.

Goldman Sachs' re-entry was part of a broader Wall Street shift visible in the same batch of quarterly filings. JPMorgan, Morgan Stanley and Bank of America each reported XRP ETF exposure for the second quarter, confirming that interest in the products extends well beyond crypto-native funds and retail traders. The bank's own position is diversified across issuers rather than concentrated in a single fund. Its largest holding is Franklin Templeton's XRPZ with 2,238,407 shares, narrowly ahead of the Bitwise XRP ETF at 2,208,949 shares. Canary's XRPC accounts for 1,759,090 shares, the 21Shares TOXR product for 806,126 shares and Grayscale's GXRP for 377,619 shares. In a separate disclosure, Goldman also reported 365,976 shares tied to Armada Acquisition Corporation II, a special-purpose acquisition company connected to Ripple-backed Evernorth Holdings, which has said its proposed Nasdaq listing is nearing completion. The SPAC position gives the bank indirect exposure to the Ripple ecosystem beyond the five ETFs. Fund-flow data showed US spot XRP ETFs taking in $13.24 million on August 20, with Bitwise contributing $9.9 million and Franklin Templeton $3.34 million. Total assets under management across the products rose to $1.17 billion, while cumulative net investment exceeded $1.53 billion. The inflows came as Ripple CEO Brad Garlinghouse joined industry delegates at White House talks on the Clarity Act, a legislative effort that would clarify the regulatory status of digital assets. XRP was trading around $1.37 at the time of the disclosures, having gained more than 16% in 24 hours and roughly 40% over the week.

COINOTAG's proprietary 42-indicator composite S/R scoring engine rates the $1.4234 resistance at 77/100, reinforced by volume-node and value-area-high readings alongside overbought RSI and stochastic signals. Immediate support at $1.3344 scores 72/100, anchored by the 0.618 Fibonacci retracement, VWAP and the lower ATR band. Spot XRP trades at $1.3790 with RSI at 82.78, a bullish MACD setup and an intact uptrend, leaving momentum tilted toward another test of resistance. Even in overbought conditions, the nearest resistance remains below XRP's all-time high, leaving room before supply becomes the dominant constraint. Derivatives positioning reinforces the bullish case: the perpetual funding rate is 0.0055%, open interest stands near $948 million and the long/short account ratio is 2.59, with 72.2% of accounts long. The crowded long bias, amplified by momentum-driven AI trading bots, remains a risk. The Fear and Greed Index at 72/100 signals Greed, a backdrop that can extend rallies but also leaves the market exposed to crowding. The bullish thesis holds while price stays above $1.3344; a break below that level would shift attention to $1.2756 and start to favor a bear-market pullback scenario.