After Goldman Sachs, Morgan Stanley Discloses Exposure to XRP Through 2 ETF Products

Morgan Stanley has become the latest major U.S. financial institution to disclose exposure to XRP through regulated investment products.

The disclosure appeared in the bank’s Q1 2026 Form 13F filing with the U.S. Securities and Exchange Commission (SEC), which reported holdings as of March 31, 2026. However, the size of its investment remains very small compared to its overall portfolio.

Key Points

• Morgan Stanley becomes the latest major U.S. financial institution to gain exposure to XRP.
• The bank revealed holding about $15,000 worth of two XRP ETF products.
• While the investment size remains small compared to the bank’s overall portfolio, it shows growing institutional interest in XRP.
• The disclosure comes after Goldman Sachs exited its XRP ETF position.
• XRP ETFs have recorded a net inflow of $256 million in 2026 despite XRP’s price struggles.

Morgan Stanley Adds Exposure Through Two XRP ETFs

Morgan Stanley’s filing comes shortly after reports revealed that Goldman Sachs completely exited its XRP ETF positions during the same quarter. While Goldman Sachs chose to step away, Morgan Stanley moved in the opposite direction.

According to its recently submitted Q1 2026 Form 13F, Morgan Stanley reported holding 1,700 shares of the Volatility Shares XRP ETF (XRPI). The position had a reported value of approximately $12,886.

The bank also disclosed ownership of 100 shares of the Grayscale XRP Trust ETF (GXRP). The latest data values this position at about $2,602.

Together, these holdings gave the bank a total XRP ETF exposure of roughly $15,488. Although the amount is very small, it represents Morgan Stanley’s first reported XRP-related positions through regulated ETF products. 

The firm did not purchase XRP directly. Instead, it gained exposure to XRP’s price movements through investment funds linked to the asset.

XRP Position Small Compared to Morgan Stanley’s Portfolio

The newly disclosed XRP holdings make up only a tiny fraction of Morgan Stanley’s broader investment portfolio. The bank’s Q1 2026 Form 13F showed total reported holdings worth approximately $1.659 trillion spread across thousands of investments managed by different divisions of the firm.

The filing also showed that Morgan Stanley has much larger positions in other crypto-related products. Specifically, the bank held significant exposure to Bitcoin ETFs, including positions worth around $1 billion in the iShares Bitcoin Trust (IBIT) and the Fidelity Wise Origin Bitcoin Fund (FBTC). 

Market observers see Morgan Stanley’s XRP ETF purchase as more important for what it represents than for its actual size. 

While investment worth about $15,488 is extremely small for a firm of Morgan Stanley’s size, the move aligns with a larger trend of traditional financial institutions gaining exposure to XRP through regulated investment products.

XRP ETFs Continue to Attract Investor Demand

Morgan Stanley’s disclosure comes at a time when XRP ETF products are seeing strong investor interest. U.S. spot XRP ETFs launched around November 2025, giving both institutional and retail investors regulated ways to gain exposure to XRP.

These funds have performed strongly in recent weeks despite XRP’s price consolidation. Recent data shows that XRP ETFs have recovered all losses recorded earlier this year and added about $256 million in net inflows for the year. 

Notably, investor demand picked up during April, when the products recorded their highest monthly inflow total of the year at $81.59 million. The momentum has continued into May. Thirty days into May 2026, XRP ETFs had already attracted $131.94 million in inflows, putting them on track to surpass April’s record. 

Throughout May, the products have not recorded a single day of net outflows, showing continued investor interest despite XRP’s price struggles.

Goldman Sachs Exits XRP Positions

The Morgan Stanley disclosure also arrived as Goldman Sachs moved in the opposite direction. Reports confirmed that the investment bank completely sold its XRP ETF holdings during Q1 2026. 

Goldman Sachs first entered the sector in Q4 2025, building approximately $154 million worth of positions across XRP ETFs offered by Bitwise, Grayscale, Franklin Templeton, and 21Shares. At the time, those holdings represented about 73% of known institutional XRP ETF ownership.

However, by March 31, 2026, Goldman Sachs reported zero shares in any XRP ETF product. The bank fully exited its XRP ETF positions and also sold its Solana ETF holdings.