Goldman Sachs exits XRP, Solana ETFs, keeps Bitcoin, Ether stakes

Goldman Sachs’ Q1 2026 Form 13F filed with the U.S. Securities and Exchange Commission shows no holdings in XRP- or Solana-linked exchange-traded funds. The firm continued to hold ETFs tied to Bitcoin and Ether.

In its Q4 2025 13F, Goldman reported nearly $154 million in XRP-related ETFs from Bitwise, Franklin Templeton, Grayscale and 21Shares. Analyst James Seyffart identified Goldman as the largest institutional holder of those products as of Dec. 31, 2025.

Solana-linked ETFs began trading in late October and November 2025. Goldman had disclosed positions in the Grayscale Solana Trust ETF (GSOL), the Bitwise Solana Staking ETF (BSOL) and the Fidelity Solana Fund (FSOL) in prior filings; those funds are absent from the Q1 filing.

Goldman held about $690 million in BlackRock’s iShares Bitcoin Trust (IBIT) and roughly $25 million in Fidelity’s Wise Origin Bitcoin Fund (FBTC) after reducing both positions by about 10% during the quarter. The firm lowered its holding in the iShares Ethereum Trust (ETHA) by roughly 70%, leaving about 7.2 million shares valued at about $114 million.

The Q1 filing also shows changes to direct equity exposure in crypto-related companies. Goldman increased its stake in Circle Internet Financial (CRCL) by 249% and in Galaxy Digital (GLXY) by 205%. It added to positions in Coinbase Global (COIN), Robinhood Markets (HOOD) and PayPal Holdings (PYPL).

Goldman reduced holdings in mining and infrastructure companies, trimming stakes in BitMine Immersion Technologies (BMNR), Bit Digital (BTBT) and Riot Platforms (RIOT), and lowering positions in MicroStrategy (MSTR) and IREN (IREN).

Quarterly 13F reports disclose institutional holdings of publicly traded funds and equities. The Q1 filing documents a withdrawal from newly launched XRP and Solana ETFs and adjusted holdings in major Bitcoin and Ether ETF products alongside shifts in crypto-related equities.