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Goldman Sachs Offload, ETH, XRP, SOL ETF For Bitcoin
Goldman Sachs fully exited XRP and Solana ETF positions during first quarter of 2026.
Goldman reduced Ethereum ETF exposure nearly 70% while keeping large Bitcoin holdings intact.
The bank increased Coinbase and Circle holdings while reducing exposure to several crypto mining companies.
Goldman Sachs, Wall Street’s most-watched bank, has completely offloaded its XRP and Solana ETF stakes and slashed Ethereum holdings by 70%. The latest filing now shows Bitcoin remaining as the bank’s dominant institutional crypto allocation despite growing volatility across the broader digital asset market.
Goldman Fully Exits XRP and Solana ETFs
According to Goldman Sachs’ latest Q1 2026 13F filing, the bank fully closed its ETF exposure tied to XRP and Solana.
The move marks a major shift from the previous quarter, when Goldman reportedly held roughly $154 million in XRP ETF exposure and over $100 million tied to Solana ETFs from issuers including Grayscale, Fidelity, and Bitwise.
While the filing confirms those ETF positions no longer appeared by the March 31 reporting deadline, analysts noted the disclosure does not necessarily prove Goldman turned bearish on XRP or Solana directly.
13F filings only reveal long institutional holdings and do not show hedging strategies, client mandates, short exposure, or any portfolio changes made after the quarter ended.
Still, the complete exit signals that Goldman significantly reduced direct institutional exposure to higher-risk altcoin ETFs during a volatile crypto quarter.
Ethereum Holdings Also Cut Sharply
Goldman also aggressively reduced its exposure to Ethereum ETFs. The bank reportedly cut its iShares Ethereum ETF position by nearly 70%, leaving around $114 million in remaining ETH ETF exposure.
That reduction was far steeper compared to Goldman’s Bitcoin ETF positions.
The filing still showed approximately $690 million invested in BlackRock’s IBIT alongside another $25 million in Fidelity’s FBTC fund.
Both Bitcoin ETF positions were only trimmed by roughly 10% compared to the previous quarter.
Bitcoin Remains Goldman’s Institutional Favorite
The sharp contrast highlights how Bitcoin continues dominating institutional crypto allocations even as broader digital asset markets remain unstable.
Meanwhile, Goldman also increased holdings in crypto-related companies, including Circle, Galaxy, and Coinbase, while reducing exposure to mining-related firms such as Riot Platforms, IREN, Bit Digital, and Strategy.
As of now, BTC is trading around, $77,583 relfecting a drop of 5% this week alone.
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