Goldman Sachs becomes top XRP ETF holder as U.S. Bitcoin ETFs add $251M

U.S. spot Bitcoin exchange-traded funds recorded $251 million of net inflows on March 10 as Bitcoin briefly fell below $70,000. The total followed $167 million of inflows on March 9, bringing March’s cumulative inflows to $1.56 billion alongside $576.6 million of outflows reported so far this month.

Flows were mixed across other crypto funds. Ether products moved back into positive territory with about $12.6 million of inflows after three days of redemptions. Solana funds were flat with no reported inflows. XRP funds saw roughly $3.9 million of outflows, marking a fourth straight day of redemptions, though the pace slowed from March 9. Over the past 30 days, XRP is down about 5% and trades near $1.37 as of this publication.

On institutional positions, ETF analyst James Seyffart wrote on X that XRP ETFs “have taken in a cumulative $1.4 billion since launch.” Year-end regulatory disclosures list Goldman Sachs as the largest holder of XRP ETFs as of Dec. 31, with approximately $154 million. Millennium Management reported about $23 million, and Logan Stone Capital disclosed roughly $5.3 million.

Filings also show differences in who owns crypto ETFs. About 15.9% of XRP ETF assets under management appear in quarterly 13F reports, compared with 48.8% for SOL ETFs. Bitcoin and Ether ETFs show 24% and 27% of assets, respectively, in 13F data. Form 13F is required of U.S. investment managers overseeing at least $100 million in equities and certain other securities, capturing a subset of ETF holders and typically excluding most retail investors.