Goldman’s Ripple ETF Return Revives Positioning Rates

Kamilah Stevenson, a renowned crypto & wealth YouTube host, says Goldman Sachs has re-emerged as the largest disclosed institutional holder of XRP exchange-traded funds after previously reporting no exposure.

Her central claim is that Goldman’s latest 13F filing shows roughly $86.5 million spread across five XRP-related funds, following a complete exit in the prior quarter.

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That reversal matters more than a simple first-time allocation, Dr. Stevenson argues. Goldman allegedly held about $153.8 million in XRP funds at the end of last year, reported zero at the end of the first quarter, and later rebuilt a sizable position.

“You don’t accidentally rebuild a position that you deliberately close,” she said.

A 13F Filing Is Just a Snapshot, Not a Trading Diary..

The video centers on institutional 13F disclosures, quarterly SEC reports that show certain long U.S. equity and fund holdings held at quarter-end. Dr. Stevenson stresses that institutions generally access crypto through regulated products such as ETFs rather than directly holding the underlying asset in the manner many retail investors do.

She also acknowledges important limits. A 13F reflects holdings on one day only, meaning it cannot show trades made earlier in the quarter. It also does not reveal short positions, derivatives, hedges or other liabilities. An XRP fund position, therefore, does not necessarily equal an outright bullish bet on XRP.