Goldman Sachs Abandons XRP and Solana ETFs
Major US investment bank Goldman Sachs sharply reduced its investments in cryptocurrency exchange-traded funds (ETFs) in the first quarter of 2026. According to a 13F filing with the US Securities and Exchange Commission (SEC), the bank has removed all XRP-related ETF assets from its portfolio. For comparison, at the end of 2025, the bank was the largest institutional investor in this sector with $154 million in assets. This was reported by Cointelegraph.com reported .
Goldman Sachs also fully closed its positions in Solana-related ETFs. The bank had previously invested in funds such as Grayscale Solana Trust (GSOL), Bitwise Solana Staking (BSOL), and the Fidelity Solana Fund (FSOL). These crypto products entered the market at the end of 2025 as a new wave of altcoins beyond Bitcoin and Ethereum.
Despite abandoning XRP and Solana, Goldman Sachs maintained its large stakes in Bitcoin and Ethereum ETFs. Specifically, the bank holds $690 million in assets in BlackRock's iShares Bitcoin Trust (IBIT) and $25 million in the Fidelity Wise Origin Bitcoin Fund (FBTC). Nevertheless, the bank reduced these positions by nearly 10% during the quarter.
Additionally, the stake in the iShares Ethereum Trust (ETHA) was reduced by 70%, leaving the bank with 7.2 million shares worth $114 million. Institutional 13F filings are a key indicator for understanding capital allocation in the crypto market, and this move by Goldman Sachs signals a shift in the approach of major financial institutions toward digital assets.
