Goldman Sachs exited XRP and Solana ETF positions while trimming Bitcoin and Ethereum holdings in Q1 2026.
Goldman Sachs fully exited its positions in both XRP-linked and Solana-linked exchange-traded funds during the first quarter of 2026, according to its Form 13F filing with the US Securities and Exchange Commission.
The bank had held nearly $154 million in XRP-related ETFs from Bitwise, Franklin Templeton, Grayscale, and 21Shares as of Dec. 31, 2025, making it the largest institutional holder of such products at the time. No XRP-linked ETF positions appeared in its Q1 2026 filing.
Goldman had also previously disclosed stakes in three Solana-linked products, the Grayscale Solana Trust ETF, the Bitwise Solana Staking ETF, and the Fidelity Solana Fund, none of which appeared in the latest filing. Both XRP and Solana ETFs launched in the second half of 2025 as issuers moved beyond Bitcoin and Ethereum to bring additional altcoin products to market.
The bank retained significant exposure to Bitcoin and Ethereum products, holding approximately $690 million in BlackRock's iShares Bitcoin Trust ETF and around $25 million in the Fidelity Wise Origin Bitcoin Fund, even after trimming both positions by roughly 10% during the quarter. Its position in the iShares Ethereum Trust was cut by about 70%, leaving approximately 7.2 million shares valued at around $114 million.
On the equities side, Goldman added materially to several crypto-linked names. Its stakes in Circle Internet Group and Galaxy Digital rose 249% and 205%, respectively, while it also added to its positions in Coinbase Global, Robinhood Markets and PayPal Holdings.
The bank simultaneously reduced holdings in mining and infrastructure companies, including BitMine Immersion Technologies, Bit Digital, and Riot Platforms, as well as Strategy and IREN.
Quarterly 13F filings are a closely watched indicator of how major institutional asset managers are positioning across digital asset investment products. Goldman's pullback from newer altcoin ETFs comes even as broader institutional participation in the space remains active, with other major banks increasing their crypto holdings during the same period.
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