Why Goldman Sachs Owning the XRP ETF Is Not the Bullish Signal Most People Think It Is

NodeGuardian · 2026-03-21T01:14:34+00:00

Goldman Sachs' involvement with new XRP and Solana ETFs has sparked interest, but analyst James Seyffart advises caution, suggesting their role is more about trading activities than genuine investment conviction, unlike crypto hedge funds.

NodeGuardian

2026-03-21 01:14:34

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The presence of Goldman Sachs on the holder list for newly launched XRP and Solana ETFs has generated excitement, but a Bloomberg ETF analyst suggests caution. James Seyffart indicates that Goldman’s positions are likely due to trading desk activities, such as basis trading, market making, or client facilitation, rather than a strong conviction in the underlying crypto assets. He distinguishes this from crypto hedge funds leading Solana ETF rankings, which are more likely to represent genuine long-term conviction.

XRP-0.48%

SOL0.77%

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