[Goldman Sachs Becomes Largest Holder of XRP Spot ETF, Analysts Say 'Super Fans' May Constitute Major Investor Group] Odaily Planet Daily News: Analyst data shows that by the end of 2025, Goldman Sachs has become one of the largest holders of the XRP spot ETF. At the same time, there are numerous unidentified investors in the market, referred to by analysts as 'super fans' of XRP. Bloomberg analyst James Seyffart stated that the XRP ETF investors visible through regulatory filings currently represent only a small portion, as the majority of investors are not required to submit 13F disclosure documents. Data shows that by the end of 2025, the top 30 holders of XRP spot ETFs collectively held approximately $211 million worth of fund shares. Overall, these ETF products had attracted over $1 billion in capital inflows by the end of 2025. Another Bloomberg analyst, Eric Balchunas, believes that these funds are likely to come primarily from XRP's core supporters (super fans) rather than ordinary retail investors.