Bitaigen Research 
In this article we outline the recent capital movements into Bitcoin ETFs and provide an in‑depth look at Goldman Sachs’ dominant position in the emerging XRP ETF. By combining hard data with market‑sentiment indicators, we aim to help readers understand the logic behind institutional allocations – a read worth your time.
XRP sell‑off pressure eases, Goldman Sachs tops the ETF holder list
After three consecutive days of net outflows, several alt‑coins have begun to show positive net flows. Ethereum’s daily net increase nudged up to $12.6 million, while Solana still recorded no net inflow. By contrast, XRP experienced a net outflow of roughly $3.9 million, marking the fourth straight trading day of redemptions. However, the withdrawal pace has slowed compared with the large‑scale pull‑outs observed on Monday.
“Since its launch, the product has attracted a cumulative $1.4 billion of capital,” Bloomberg ETF analyst James Seyfarth wrote in a post on Platform X. He added that Goldman Sachs is currently the largest holder of the XRP ETF. As of 31 December, the firm owned about $154 million of the XRP ETF; Millennial Management and Logan Stone Capital held $23 million and $5.3 million, respectively.
In a separate commentary, Seyfarth categorized ETFs into four demand‑source groups and argued that the primary driver behind the XRP ETF is retail investors. According to 13F filing data, only 15.9 % of XRP ETF assets are publicly disclosed, whereas the SOL ETF – which has a higher institutional presence – shows a disclosure rate of 48.8 %. Bitcoin and Ethereum ETFs sit in the middle, with disclosed portions of 24 % and 27 %, respectively.
Spot Bitcoin ETF continues to draw capital
The U.S. spot Bitcoin ETF recorded another net inflow on Tuesday, even though Bitcoin briefly slipped below the $70,000 threshold. The day’s net capital addition amounted to $251 million, extending the upward momentum seen the previous trading session, which posted a $167 million inflow (source: SoSoValue).
March’s overall performance was similarly positive, with cumulative net inflows reaching $1.56 billion against net outflows of $576.6 million. The daily‑average inflow curve, starting from 2 March, demonstrates a consistent tilt of investor money toward the fund.
At the time of writing, Bitcoin’s spot price stood at $69,810, down 0.7 % over the preceding 24 hours (source: CoinGecko), after briefly touching a low of $69,400.
Since 2 March, the average daily cash flow for the U.S. spot Bitcoin ETF has been as follows (source: SoSoValue).
The above sections summarize the recent $251 million inflow into the Bitcoin (BTC) ETF and Goldman Sachs’ leading position in the XRP ETF. For a deeper dive into Bitcoin ETF capital flows and institutional holdings, stay tuned to the Bitaigen (比特根) platform’s upcoming reports.
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