Goldman Sachs exits XRP and Solana ETFs in 2026 filing

Goldman Sachs has significantly reshaped its cryptocurrency investment strategy, completely exiting its positions in XRP and Solana exchange-traded funds during the first quarter of 2026 while maintaining a dominant stake in Bitcoin ETFs. The bank’s quarterly regulatory filing, submitted to the U.S. Securities and Exchange Commission on May 15, shows a stark pivot away from newer altcoin funds.

The filing reveals that Goldman Sachs liquidated its entire combined position in XRP and Solana ETFs, which had been valued at approximately $154 million at the end of 2025. The bank was previously the largest known institutional holder of XRP-related ETFs. Simultaneously, it reduced its exposure to an Ethereum ETF by about 70%, leaving a stake valued around $114 million.

In contrast, the bank’s substantial investment in Bitcoin ETFs remained largely intact. Goldman Sachs reported holdings of roughly $715 million across funds from BlackRock and Fidelity, representing only a minor reduction of about 10% from prior levels. This move occurred during a period when XRP and Solana ETFs were still relatively new products, having launched in late 2025.

Alongside the ETF adjustments, Goldman Sachs...