Goldman Sachs Divests from XRP and Solana ETFs Amid Continued Crypto Interest
Goldman Sachs exits XRP, Solana ETF exposure in Q1 2026
Image: Cointelegraph
Goldman Sachs, once the largest institutional holder of XRP-related ETFs, has exited its positions in both XRP and Solana ETFs as of Q1 2026. Despite this withdrawal, the bank maintains substantial investments in Bitcoin and Ether ETFs, reflecting ongoing institutional interest in digital assets.
- 01Goldman Sachs held significant positions in XRP-related ETFs until December 31, 2025, before pulling out in Q1 2026.
- 02The bank previously invested in multiple Solana-linked ETFs, including the Grayscale Solana Trust ETF and the Bitwise Solana Staking ETF.
- 03Goldman Sachs continues to hold approximately $690 million in BlackRock’s iShares Bitcoin Trust ETF and $25 million in the Fidelity Wise Origin Bitcoin Fund.
- 04The bank reduced its stake in the iShares Ethereum Trust by about 70%, leaving it with around 7.2 million shares valued at approximately $114 million.
- 05Goldman Sachs increased its investments in crypto equities, notably Circle Internet Group and Galaxy Digital, while reducing stakes in several mining and infrastructure companies.
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As of Q1 2026, Goldman Sachs has exited its positions in XRP and Solana exchange-traded funds (ETFs), having been the largest institutional holder of XRP-related ETFs as of December 31, 2025. The bank's decision comes despite a sustained institutional interest in digital assets, particularly in Bitcoin and Ether ETFs. Goldman Sachs previously disclosed holdings in various Solana-linked ETFs, including the Grayscale Solana Trust ETF and the Bitwise Solana Staking ETF, which launched in late 2025. While it has withdrawn from XRP and Solana, the bank continues to hold approximately $690 million in BlackRock’s iShares Bitcoin Trust ETF and $25 million in the Fidelity Wise Origin Bitcoin Fund. Additionally, Goldman Sachs has cut its position in the iShares Ethereum Trust by about 70%, now holding around 7.2 million shares valued at $114 million. In the equities space, the bank has increased its exposure to Circle Internet Group and Galaxy Digital, indicating a strategic shift in its crypto investment approach.
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