Why did Goldman Sachs exit XRP and Solana ETF positions?

Goldman Sachs significantly reduced exposure to newer altcoin ETFs during the first quarter of 2026. The move may reflect portfolio rebalancing, risk management or lower institutional conviction around newer crypto ETF products.

Did Goldman Sachs completely exit XRP and Solana ETFs?

Yes. Goldman no longer reported holdings in XRP or Solana ETFs in its latest SEC filing after previously holding positions in several related funds.

How much XRP ETF exposure did Goldman Sachs previously hold?

Goldman previously disclosed roughly $154 million in XRP-related ETF holdings during the fourth quarter of 2025. Those investments included products from Bitwise, Franklin Templeton, Grayscale and 21Shares.

Did Goldman Sachs also reduce Bitcoin ETF exposure?

Yes, but the bank still maintains substantial exposure to Bitcoin investment products. Goldman held roughly $690 million in BlackRock’s iShares Bitcoin Trust ETF and another $25 million in Fidelity’s Bitcoin fund.

What happened to Goldman’s Ethereum ETF holdings?

Goldman reduced its position in the iShares Ethereum Trust by around 70%. The bank still held approximately 7.2 million shares valued at roughly $114 million after the reduction.

Why are institutional ETF filings important for crypto investors?

Quarterly 13F filings provide insight into how major asset managers allocate capital across digital assets. Investors often use the filings to gauge institutional sentiment toward specific cryptocurrencies and crypto-related products.

Why might Goldman Sachs be reducing exposure to altcoin ETFs?

Altcoin ETFs are newer, less liquid and generally considered riskier than Bitcoin-focused funds. Goldman may be shifting toward more established crypto exposure while reducing positions in speculative or early-stage products.

Did Goldman Sachs increase any crypto-related investments?

Yes. Goldman increased positions in several crypto-linked equities including Circle, Galaxy Digital and Coinbase.

Image for illustrative purposes only. Not a real photo.

Goldman Sachs cuts XRP and Solana ETF holdings

Written by Jon CuthbertPublished May. 19 2026Last Updated May. 19 2026

Goldman Sachs significantly reduced its cryptocurrency ETF exposure during the first quarter of 2026, exiting positions tied to XRP and Solana funds while trimming holdings in Bitcoin and Ether ETFs.

According to the bank’s latest filing with the US Securities and Exchange Commission, Goldman no longer reported holdings in XRP-linked ETFs after previously disclosing roughly $154 million in XRP-related products during the fourth quarter of 2025.

The bank also exited positions in Solana-linked funds including the Grayscale Solana Trust ETF, Bitwise Solana Staking ETF and Fidelity Solana Fund following the launch of several new altcoin ETFs late last year.

Despite the pullback from XRP and Solana products, Goldman Sachs maintained substantial exposure to Bitcoin ETFs, holding approximately $690 million in BlackRock’s iShares Bitcoin Trust ETF and another $25 million in Fidelity’s Wise Origin Bitcoin Fund.

The bank also reduced its position in the iShares Ethereum Trust by roughly 70%, leaving it with around 7.2 million shares valued at approximately $114 million.

Alongside ETF adjustments, Goldman increased exposure to crypto-related equities including Circle, Galaxy Digital, Coinbase, Robinhood and PayPal during the quarter.

The bank simultaneously reduced positions in several crypto mining and infrastructure companies, including Riot Platforms and Strategy.

At the time of reporting, XRP price was $1.39.