- Goldman Sachs reported no holdings in XRP-linked ETFs in its Q1 2026 13F filing.
- The bank also no longer disclosed positions in Solana-linked ETFs.
- Goldman Sachs reduced holdings in Bitcoin and Ethereum ETFs during the quarter.
- The bank continued to hold more than $700 million in Bitcoin ETF exposure.
- Exposure to crypto-related equities including Circle, Galaxy Digital, Coinbase, Robinhood, and PayPal increased.
Goldman Sachs Removes XRP and Solana ETF Holdings
US investment bank Goldman Sachs sharply reduced its exposure to cryptocurrency exchange-traded funds during the first quarter of 2026, according to its latest Form 13F filing with the US Securities and Exchange Commission. The filing showed that Goldman Sachs no longer held any XRP-linked ETFs. In its Q4 2025 filing, the bank had reported nearly $154 million in XRP-related ETF holdings across products from Bitwise, Franklin Templeton, Grayscale, and 21Shares.
Goldman Sachs also no longer reported holdings in Solana-linked ETFs. Previous disclosures included positions in the Grayscale Solana Trust ETF (GSOL), the Bitwise Solana Staking ETF (BSOL), and the Fidelity Solana Fund (FSOL).
Both XRP- and Solana-linked ETFs entered the market in late 2025 as issuers expanded crypto investment products beyond Bitcoin and Ether. Solana ETFs began trading in late October 2025, while the first spot XRP ETFs launched in mid-November 2025. Quarterly 13F filings are closely monitored by crypto investors because they provide visibility into institutional allocations across digital-asset investment products.
Bitcoin and Ethereum ETF Positions Reduced
Despite eliminating exposure to XRP and Solana ETFs, Goldman Sachs continued to maintain significant positions in Bitcoin and Ethereum ETFs. The bank reported holding approximately $690 million in BlackRock’s iShares Bitcoin Trust ETF (IBIT) and another $25 million in the Fidelity Wise Origin Bitcoin Fund (FBTC). Both positions were reduced by roughly 10% during the quarter.
Goldman Sachs also reduced its holdings in the iShares Ethereum Trust (ETHA) by approximately 70%, leaving the bank with around 7.2 million shares valued at about $114 million.
Crypto Equity Exposure Increased in Selected Firms
Alongside changes to ETF holdings, Goldman Sachs increased exposure to several crypto-related companies during the quarter. The bank raised its position in Circle Internet Group (CRCL) by 249% and increased holdings in Galaxy Digital (GLXY) by 205%.
Goldman Sachs also added to positions in Coinbase Global (COIN), Robinhood Markets (HOOD), and PayPal Holdings (PYPL). At the same time, the bank reduced stakes in several mining and infrastructure companies, including BitMine Immersion Technologies (BMNR), Bit Digital (BTBT), and Riot Platforms (RIOT). Positions in Strategy (MSTR) and IREN (IREN) were also reduced.
FAQs
1. Did Goldman Sachs completely exit XRP ETFs in Q1 2026?
Yes. Goldman Sachs reported no holdings in XRP-linked ETFs in its Q1 2026 Form 13F filing with the US Securities and Exchange Commission.
2. Which Solana ETFs were previously held by Goldman Sachs?
Goldman Sachs previously disclosed positions in the Grayscale Solana Trust ETF (GSOL), Bitwise Solana Staking ETF (BSOL), and Fidelity Solana Fund (FSOL).
3. Does Goldman Sachs still hold Bitcoin and Ethereum ETFs?
Yes. Goldman Sachs continued to hold Bitcoin and Ethereum ETFs, including positions in BlackRock’s iShares Bitcoin Trust ETF (IBIT), Fidelity Wise Origin Bitcoin Fund (FBTC), and iShares Ethereum Trust (ETHA).
4. Which crypto-related stocks did Goldman Sachs increase exposure to?
The bank increased exposure to Circle Internet Group (CRCL), Galaxy Digital (GLXY), Coinbase Global (COIN), Robinhood Markets (HOOD), and PayPal Holdings (PYPL).
Source: U.S. SEC Form 13F filing submitted by Goldman Sachs for Q1 2026
Disclaimer: Cryip's content is strictly for educational and informational purposes and does not constitute financial, legal, or investment advice. Cryptocurrency involves significant risk, and readers assume full responsibility for their own financial decisions. Asset references are never endorsements.
To make complex crypto topics accessible to readers at all experience levels, our team uses AI tools strictly to refine language, correct grammar, and simplify terminology. AI is never used to draft facts, source information, or form conclusions. Every article is fact-checked and approved by a human editor before publication. Read our full AI Use & Content Policy.
