At the end of last year, Goldman Sachs was the largest holder of XRP spot ETF, holding nearly $154 million, accounting for nearly half of the $211 million total held by the top 30 holders. Bloomberg industry research analysts pointed out that publicly disclosed financial statements only represent a "small portion" of investors, as most investors do not submit 13F reports, indicating that XRP has a large loyal "super fan" community. These funds have attracted over $1 billion in cumulative capital inflows, and last week their assets under management reached $1.44 billion.