Goldman Sachs has made significant changes to its cryptocurrency investment strategy in the first quarter of 2026, as revealed in its Form 13F filing with the US Securities and Exchange Commission. The bank fully exited its positions in XRP and Solana-linked ETFs, which amounted to approximately $154 million and reflects a strategic withdrawal from these recently launched altcoin products. This marks a notable shift from its previous status as a leading institutional holder of XRP-related ETFs. While Goldman trimmed its Bitcoin ETF holdings by 10%, it still retains over $715 million in Bitcoin-related investments, confirming Bitcoin's status as the cornerstone of its crypto allocation. Additionally, the bank significantly reduced its Ether ETF position by 70%, leaving it with around $114 million in value. In contrast to its ETF reductions, Goldman Sachs has increased its investments in crypto-linked equities, such as Circle Internet Group and Galaxy Digital, suggesting a strategic pivot towards the infrastructure and payment sectors of the cryptocurrency market. This nuanced approach indicates that Goldman Sachs is adapting its strategies in response to market performance and regulatory developments.