Goldman Sachs disclosed in its latest 13F filing with the U.S. Securities and Exchange Commission that it allocated $260 million to XRP and Solana products, including $152 million tied to XRP and $108 million tied to Solana. The filing points to a broader crypto allocation strategy that is no longer centered only on Bitcoin, with the bank adding exposure to altcoins tied to utility-driven narratives.
XRP and Solana exposure was built through named products
The filing shows Goldman’s XRP position is spread across several U.S. spot products, including the Bitwise XRP ETF, Franklin XRP Trust, Grayscale XRP Trust, and 21Shares XRP ETF. Its Solana exposure is concentrated in the Bitwise Solana ETF and Grayscale Solana Trust. The structure is notable. Rather than taking a single route, the bank used multiple listed or trust-based vehicles to build the XRP side of the position.
Bitcoin ETF holdings were cut by 40% in Q4 2025
The shift into XRP and Solana came alongside a reduction in Bitcoin exposure. According to the report, Goldman Sachs cut its Bitcoin ETF holdings by 40% in the fourth quarter of 2025. Even with that reduction, the bank still held a sizable combined position in Bitcoin and Ethereum worth $2.1 billion. That mix suggests the bank kept large core positions while opening more room for non-Bitcoin assets.
Filing timing overlaps with Washington stablecoin discussions
The timing of the disclosure also drew attention. The source material says Goldman Sachs executives were recently at the White House to discuss the future of stablecoin yields, with Ripple chief legal officer Stuart Alderoty also present. No additional details from that meeting were provided in the material, but the overlap in timing added another layer of interest to the bank’s XRP and Solana move.
Based on the disclosed positions, Goldman Sachs is still heavily involved in Bitcoin and Ethereum while expanding into XRP- and Solana-linked investment products. In this filing, the change is clear: the bank’s crypto portfolio is widening beyond its earlier Bitcoin-heavy posture.