Goldman Sachs reports $2.3 billion in crypto assets to SEC – XRP included for the first time
- Goldman Sachs’ routine monthly report to the US Securities and Exchange Commission (SEC) is making the industry sit up and take notice. The bank reports crypto investments of $2.36 billion – a record value. But what is really remarkable is the new composition of the portfolio.
- While Bitcoin and Ethereum continue to form the core, XRP and Solana positions of a significant size are also appearing for the first time. The bank relies exclusively on regulated spot ETFs and does not make any direct investments.
At over a billion dollars, Bitcoin remains the most important crypto asset in the portfolio. Ethereum is almost on par, accounting for just under a billion. The almost identical weighting of the two assets is interpreted by market observers as a strong signal of trust in Ethereum.
What is particularly interesting, however, is the inclusion of XRP ETFs worth over $150 million. Goldman Sachs is thus positioning itself in a segment that was long considered a hot potato due to the unclear Ripple regulation.
XRP ETFs have only been trading for a few weeks and are seeing notable inflows. For many analysts, this is an indication that institutional investors are increasingly diversifying beyond Bitcoin and Ethereum and are giving more consideration to payment assets with clear use cases.
Institutional demand is increasing – Goldman Sachs is sending a clear signal
Die Routine reporting to the SEC shows that Goldman Sachs is continuing to expand its crypto exposure, although individual positions have been tactically reduced. The trend is clear: digital assets are no longer viewed as a speculative fringe topic, but are part of modern portfolio strategies.
The bank only uses ETFs because they are operationally easy to handle with minimal risk. The inclusion of XRP and Solana in the portfolio shows that the bank is ready to focus on high-growth opportunities.
With the $2.3 billion in crypto ETFs, Goldman Sachs underlines that institutional players are no longer on the sidelines, but are actively channeling capital into the crypto market. Bitcoin and Ethereum are getting reaffirmation of their role as institutional underlyings.
For XRP, on the other hand, it is an important step towards widespread acceptance after years of being an outsider due to the ultimately unsuccessful SEC lawsuit against Ripple.
No Comments