Bitcoin

This article is for informational purposes only and does not constitute investment advice. Always do your own research (DYOR) before making any financial decisions.

According to Cointelegraph, US spot Bitcoin ETFs recorded $251 million in inflows on Tuesday, March 11, 2026. That built on $167 million in gains from the previous day. Cumulative monthly inflows for March now stand at $1.56 billion, against $576.6 million in outflows, per SoSoValue data cited in the report.

The inflows arrived even as Bitcoin briefly dipped to $69,400 during the same trading session, according to CoinGecko data. The token traded at roughly $69,810 at the time of writing, down 0.7% over 24 hours.

On the altcoin side, Ether ETFs reversed a three-day outflow streak, posting $12.6 million in new inflows. Solana funds recorded no flows. XRP ETFs extended their losing run to a fourth straight session, shedding $3.9 million — though the pace of exits slowed from the prior day.

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Goldman Sachs Named Largest XRP ETF Holder as Retail Drives Most Flows

Bloomberg ETF analyst James Seyffart revealed on X that Goldman Sachs held approximately $154 million in spot XRP ETFs as of December 31, 2025, making it the largest single institutional holder on record. That figure was drawn from the bank's Q4 2025 13F filing with the SEC.

The Block reported that the top 30 institutional holders of XRP ETFs collectively owned around $211 million in shares at year-end. Goldman's position alone represented roughly 73% of that total. Millennium Management ranked second at $23.1 million, followed by Logan Stone Capital at $5.3 million.

Seyffart noted that Goldman spread its allocation across four issuers — Bitwise, Franklin, Grayscale, and 21Shares — rather than concentrating in a single fund. Despite this institutional presence, Seyffart and colleague Eric Balchunas both stressed that retail investors account for an estimated 84% of XRP ETF assets, as most holders fall below the 13F reporting threshold. Balchunas attributed the retail-heavy base largely to XRP's loyal community of long-term supporters. Since launch in November 2025, XRP ETFs have taken in a cumulative $1.4 billion in net flows.

As we previously analyzed in our coverage of the case for national Bitcoin reserves, institutional participation in regulated crypto vehicles is accelerating across both sovereigns and private finance — a broader pattern that Goldman's XRP ETF position reinforces.

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Two Markets, Two Stories: Institutional Bitcoin vs. Retail XRP

The March data paints a picture of divergence across the crypto ETF landscape. The Coin Republic reported that Bitcoin ETFs attracted $568.45 million in inflows over two consecutive weeks heading into this period, reversing a four-month outflow streak that had seen over $4 billion exit the market. Total assets under management across US spot Bitcoin ETFs have climbed to approximately $87 billion.

The XRP ETF market tells a different story. Only 15.9% of its AUM appears in 13F disclosures, compared with 48.8% for Solana ETFs, 27% for Ethereum, and 24% for Bitcoin. That gap reflects a fundamental difference in investor composition: XRP ETFs are primarily a retail product at this stage, while Bitcoin ETFs have become a recognized vehicle for institutional portfolio allocation.

Goldman's entry into the XRP space, while the largest on record, remains a contained position within a broader $2.3 billion crypto ETF book that leans heavily toward Bitcoin and Ethereum. For traditional finance, Bitcoin ETFs have become the primary access point, with XRP still in an earlier phase of institutional adoption. The ongoing outflow streak in XRP funds — now four sessions long — suggests near-term positioning pressure, even as total assets remain above $1.4 billion since launch.