Goldman Sachs Q1 Liquidates XRP and Solana ETF Holdings, Still Holds Over $700 Million in Bitcoin ETFs

Odaily reported that Goldman Sachs significantly reduced its crypto ETF exposure in the first quarter of 2026 and has completely exited its positions in XRP and Solana-related ETFs.

According to filings, during the fourth quarter of 2025, Goldman Sachs held approximately $154 million in XRP-related ETFs, including products from Bitwise, Franklin Templeton, Grayscale, and 21Shares, making it one of the largest institutional holders of XRP ETFs at the time. Additionally, the bank previously held Solana-related ETFs such as the Grayscale Solana Trust ETF, Bitwise Solana Staking ETF, and Fidelity Solana Fund, all of which have now been fully exited.

However, Goldman Sachs still maintains substantial BTC and ETH ETF positions. Specifically, it holds approximately $690 million in BlackRock's IBIT and about $25 million in Fidelity's FBTC, although both positions are down roughly 10% from the previous quarter. Meanwhile, its holdings in BlackRock's ETHA have shrunk by approximately 70%, leaving around 7.2 million shares valued at about $114 million.

Furthermore, Goldman Sachs increased its stakes in crypto-related stocks such as Circle, Galaxy Digital, Coinbase, Robinhood, and PayPal, while reducing positions in mining and infrastructure companies like Strategy, Bit Digital, Riot Platforms, and IREN. (Cointelegraph)