🏦 Goldman Sachs establishes a position in XRP ETF of $153.8 million, becoming the largest fund holder

According to a report by 24/7 Wall Street and confirmed by Daily Tribune (March 30), Goldman Sachs has established a total position of approximately $153.8 million through four XRP ETFs, becoming the largest fund holder in the XRP ETF space.

📊 Current status of XRP:

• Price: $1.32 (March 30), down about 64% from the historical high of $3.65

• Standard Chartered has lowered the target price for 2026 from $8 to $2.80

• Despite the significant price pullback, institutional funds continue to flow in

🔍 Why Goldman Sachs chose XRP:

1. XRP has clear use cases and a partner network in the cross-border payment sector

2. The SEC's regulatory attitude towards XRP has clearly turned friendly (several enforcement actions have been withdrawn after Gensler's departure)

3. The current price is in a deep pullback range, and institutions find the risk-reward ratio attractive

4. Ripple's CEO recently called stablecoins the "crypto's ChatGPT moment," implying that Ripple's layout in the payment sector will accelerate

💡 Investment insight:

When retail investors are selling in fear, Goldman Sachs is building a position of $150 million near $1.3. The time frame for institutions is completely different from that of retail investors — they are looking for returns over 12-24 months, not next week's ups and downs.

Source: 24/7 Wall Street (3/30), Daily Tribune (3/30)

#XRP #GoldmanSachs #InstitutionalInvestment #ETF #Cryptocurrency