Goldman Sachs has fully exited its XRP ETF holdings and also walked away from every Solana-related ETF by March 2026, according to its latest 13F disclosures. The bank still held nearly $700 million in Bitcoin ETF positions, showing that its crypto allocation remains centered on the largest digital asset products.
Full withdrawal from XRP and Solana funds
The filing indicates that Goldman Sachs no longer holds any XRP ETF exposure. That is a sharp reversal from the end of 2025, when the bank reported a $154 million position in XRP ETFs and was described as the largest institutional holder in that segment at the time. Those earlier investments included products managed by Bitwise, Franklin Templeton, Grayscale, and 21Shares.
The same pattern appeared in Solana funds. By March 2026, Goldman had divested from the Grayscale Solana Trust ETF, Bitwise Solana Staking ETF, and Fidelity Solana Fund. The source notes that both XRP and Solana ETFs were relatively new offerings: the first Solana ETFs began trading in October 2025, while spot XRP ETFs were first listed in mid-November 2025.
Bitcoin stays dominant as Ether position shrinks
Even after exiting XRP and Solana ETFs, Goldman kept a large Bitcoin ETF book. The bank reported nearly $690 million in BlackRock’s iShares Bitcoin Trust ETF (IBIT) and about $25 million in Fidelity’s Wise Origin Bitcoin Fund (FBTC). Those positions were down roughly 10% from the prior quarter, yet Bitcoin remained the leading piece of the firm’s crypto investment strategy.
Its Ether ETF exposure moved in the opposite direction. Goldman cut its stake in iShares Ethereum Trust (ETHA) by about 70%, leaving the bank with 7.2 million shares valued at roughly $114 million.
Crypto equity holdings were rebalanced as well
The portfolio changes extended beyond ETFs. Goldman sharply increased its holdings in Circle Internet Group, where the position rose 249%, and in Galaxy Digital, which climbed 205%. The bank also added to its stakes in Coinbase Global, Robinhood Markets, and PayPal Holdings during the same quarter.
At the same time, it reduced positions in BitMine Immersion Technologies, Bit Digital, and Riot Platforms, all tied to mining or infrastructure. Its holdings in MicroStrategy and IREN also declined. Taken together, the changes point to a narrower crypto allocation built around leading assets, with less exposure to newer ETF categories such as XRP and Solana.