Institutional Accumulation: Wall Street Firms Expand XRP ETF Holdings

Recent SEC filings reveal that major institutional investors are quietly accumulating significant positions in XRP exchange-traded funds. Second-quarter disclosures highlight a notable trend of traditional finance entities building exposure to the digital asset.

James Seyffart, Senior Research Analyst at Bloomberg Intelligence, characterized the trading activity in these funds as “surprisingly resilient.” He noted that the investment vehicles have amassed approximately $1.8 billion in cumulative net inflows.

According to the analyst, capital has predominantly flowed in a single direction since the ETFs launched in late 2025. This pattern indicates sustained accumulation across various market participants.

Institutional heavyweights have been the primary drivers behind these second-quarter inflows. Seyffart disclosed that several major firms, spearheaded by Goldman Sachs, hold substantial exposure to XRP ETFs.

The global investment banking leader topped the disclosure list, reporting roughly $87.45 million in XRP ETF exposure. Jane Street followed with approximately $16.64 million, while Millennium Management held around $16.2 million. Intesa Sanpaolo, a prominent European banking group, accounted for $14.42 million in exposure.

Ripple Launches Delta One Business

The confidence shown by major institutions in XRP is well-founded. Beyond the XRP Ledger’s capabilities in cross-border payments, real-world asset (RWA) tokenization, and Decentralized Physical Infrastructure Networks (DePINs), key ecosystem participants are achieving significant milestones.

In late August, Ripple Prime, the firm’s multi-asset brokerage platform, introduced its Delta One Business. The service allows clients to execute total return swaps (TRS) across US-listed equities, indices, and digital assets.

Furthermore, Ripple designed the platform to accommodate diverse investment portfolios, risk management protocols, and reporting standards for hedge funds, asset managers, and institutions spanning both traditional finance (TradFi) and on-chain finance. Unlike conventional delta one trading desks, Ripple Prime’s platform specifically targets clearing and financing flows.

Evernorth Teases a Major Announcement

Separately, Evernorth, a prominent digital asset treasury (DAT) company focused on XRP, hinted at a significant announcement regarding a new addition to its team. The teaser included a 10-second clip displaying a silhouette of what appears to be a bear wearing a crown. Asheesh Biria, the company’s CEO, expressed excitement about the reveal but declined to provide further details.

“I can’t say more yet,” Biria stated. “But I like where this is going.”

Evernorth intends to go public following a business combination with Armada Acquisition Corp. II, though a specific timeline for its Initial Public Offering (IPO) has not yet been established.

SettleMint Partners with Ripple

Excitement surrounding XRP was further amplified by SettleMint’s strategic collaboration with Ripple. The firm specializes in production-grade digital asset lifecycle management for regulated financial markets and sovereign applications. Both companies share a partnership with the World Economic Forum (WEF), an international non-governmental organization dedicated to public-private cooperation.

This partnership integrates SettleMint’s Digital Asset Lifecycle Platform (DALP) with Ripple Custody, providing financial institutions with a comprehensive solution for the custody, issuance, and management of tokenized assets throughout their entire lifecycle.

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