Goldman Sachs led disclosed institutional holders of U.S. spot XRP exchange-traded funds (ETFs) with $87.45 million in exposure in the second quarter of 2024, equivalent to about 84.05 million XRP. That position represented approximately 12.4% of the $1.48 billion in total XRP ETF net assets cited in the new report. Across all disclosed holders, institutional exposure totaled $183.47 million, or about 176.35 million XRP, according to charts shared by Bloomberg Intelligence ETF analyst James Seyffart on Aug. 31. Jane Street Group ranked second with $16.64 million, followed by Millennium Management with $16.20 million. Investment advisers accounted for the largest holder category, with $120.89 million tied to about 116.20 million XRP. Form 13F filings report ETF shares rather than direct XRP ownership and can reflect market-making, arbitrage, hedging, or portfolio-management activity. U.S. spot XRP ETFs held about $1.48 billion in net assets on Sept. 4, while cumulative net inflows remained near $1.68 billion, according to SoSoValue data. The market includes products from Canary Capital, Franklin Templeton, Grayscale, 21Shares, and REX-Osprey. Bitwise's XRP ETF surpassed $500 million in assets nine months after launch and held about 362 million XRP valued at $507.5 million on Sept. 3.