Goldman Sachs Reinvests in XRP ETFs in Q2

Goldman Sachs announced that it has reinvested in XRP ETFs in the second quarter. The institution had closed all its positions in these funds in the previous quarter. With the new investments, Goldman Sachs has become the largest institutional investor in XRP ETFs. The bank's XRP ETF portfolio includes products from Bitwise, Franklin Templeton, Canary Capital, 21Shares, and Grayscale. The largest position is in Franklin Templeton's XRPZ fund, with 2,238,407 shares. Additionally, Bitwise holds 2,208,949 shares in the XRP ETF, Canary has 1,759,090 shares in the XRPC fund, 806,126 shares in TOXR, and Grayscale has 377,619 shares in the GXRP fund. In the previous period, the total value of XRP ETF assets was approximately $152 million. Goldman Sachs also reported a position of 365,976 shares in XRPN under Armada Acquisition Corporation II. It was noted that Ripple-backed Evernorth Holdings plans to merge with this SPAC and list on Nasdaq. In the second quarter disclosures, JPMorgan, Morgan Stanley, and Bank of America also revealed their XRP ETF positions. The U.S. spot XRP ETF market recorded a net inflow of $13.24 million. XRP traded around $1.37, rising over 16% in the last 24 hours.

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