13 hours ago
US concern slope Goldman Sachs sharply reduced its vulnerability to cryptocurrency exchange-traded funds (ETFs) successful the archetypal 4th of 2026.
No XRP-linked ETFs appeared successful Goldman Sachs’ Q1 Form 13F filing with the US Securities and Exchange Commission.
In its Q42025 13F filing, Goldman Sachs reported holding astir $154 cardinal worthy of XRP-related ETFs from Bitwise, Franklin Templeton, Grayscale and 21Shares.
Goldman Sachs was the largest organization holder of XRP-related ETFs arsenic of Dec. 31, 2025. Source: James Seyffart
Quarterly 13F filings are intimately watched by crypto investors due to the fact that they supply a uncommon look into however large organization plus managers are allocating superior crossed digital-asset concern products. The slope pulled backmost from XRP products, adjacent arsenic broader institutional involvement successful digital-asset ETFs remains intact.
Early pullback from caller crypto ETFs
Goldman Sachs nary longer reported immoderate holdings successful Solana-linked ETFs either.
The slope antecedently disclosed positions successful Solana-linked ETFs, including the Grayscale Solana Trust ETF (GSOL), the Bitwise Solana Staking ETF (BSOL) and the Fidelity Solana Fund (FSOL).
Both XRP- and Solana-linked ETFs launched successful precocious 2025, erstwhile issuers began rolling retired a caller question of crypto funds beyond Bitcoin (BTC) and Ether (ETH).
Solana ETFs began trading successful precocious October 2025, with further funds rolling retired successful November. The archetypal spot XRP ETFs hit the marketplace successful mid-November arsenic issuers raced to bring caller altcoin products to investors.
Goldman Sachs trims Bitcoin ETF exposure, but inactive holds much than $700 million
While nary longer reporting ETF vulnerability to XRP and Solana, Goldman Sachs continued to clasp important positions successful Bitcoin and Ether ETFs, on with equity tied to crypto companies.
The slope held astir $690 cardinal successful BlackRock’s iShares Bitcoin Trust ETF (IBIT) and different $25 cardinal successful the Fidelity Wise Origin Bitcoin Fund (FBTC), adjacent aft reducing some positions by astir 10% during the quarter.
Goldman Sachs besides chopped its presumption successful the iShares Ethereum Trust (ETHA) by astir 70%, leaving it with astir 7.2 cardinal shares valued astatine astir $114 million.
Related: JPMorgan piles into BlackRock’s Bitcoin ETF successful Q1 2026
In crypto equities, Goldman Sachs accrued its vulnerability to respective names, led by a 249% leap successful Circle Internet Group (CRCL) and a 205% emergence successful Galaxy Digital (GLXY), portion besides adding to positions successful Coinbase Global (COIN), Robinhood Markets (HOOD) and PayPal Holdings (PYPL) during the quarter.
At the aforesaid time, it reduced stakes successful large mining and infrastructure names, including BitMine Immersion Technologies (BMNR), Bit Digital (BTBT) and Riot Platforms (RIOT). It reduced positions successful Strategy (MSTR) and IREN (IREN).
Magazine: XRP ‘probably going to $12,’ Bitcoin ETFs adhd $1B: Market Moves
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