Goldman Sachs has exited its positions in XRP and Solana ETFs entirely, according to the bank’s latest 13F filing with the SEC. The disclosure reveals the Wall Street giant completely liquidated approximately $154 million worth of XRP ETFs during the first quarter of 2026, including holdings in Bitwise, Franklin Templeton, Grayscale, and 21Shares XRP ETFs. Solana-related ETF investments, such as the Grayscale Solana Trust ETF, Bitwise Solana Staking ETF, and Fidelity Solana Fund ETFs, were also fully eliminated.
While the bank maintained its Bitcoin ETF exposure at around $700 million, it notably reduced its Ethereum footprint. The iShares Ethereum Trust was slashed by approximately 70% compared to the previous quarter, falling to $114 million. The move signals a strategic rotation away from higher-beta altcoins and toward Bitcoin as the preferred institutional anchor.
In addition to crypto ETF adjustments, Goldman Sachs repositioned its crypto-related equity portfolio. The bank increased stakes in Circle, Galaxy, and Coinbase while trimming holdings in Strategy, IREN, Bit Digital, and Riot. The reshuffling underscores a broader institutional reassessment of risk in the digital asset space.
Market reaction has been notable. Solana (SOL) shed nearly 12% on the week, trading at the $85 support level, while XRP remained range-bound between $1.38 and $1.42. The Solana Foundation President stressed that memecoins do not define the ecosystem, but SOL’s dependence on speculative flows remains a concern. Analysts note that institutional exits from altcoins are thinning liquidity and redirecting capital to Bitcoin’s base layer and infrastructure plays.