Goldman Sachs Sells Out of XRP- and Solana-Linked ETFs

Goldman Sachs has fully exited its holdings in investment products tied to XRP and Solana, according to CoinDesk. In its latest Form 13F filing with the U.S. Securities and Exchange Commission, the bank disclosed that it liquidated positions in several XRP-linked exchange-traded funds during the fourth quarter of 2025, after previously holding about $154 million in these products. At the time, Goldman Sachs ranked among the largest institutional holders of XRP-related ETFs, with exposure to offerings from Bitwise, Franklin Templeton, Grayscale Investments and 21Shares. The filing also shows the firm unwound its Solana-related positions, including the Grayscale Solana Trust ETF, Bitwise Solana Staking ETF and Fidelity Solana Fund, completing its withdrawal from alternative-cryptocurrency ETF products. Goldman's broader crypto exposure remains substantial. The bank continues to hold roughly $690 million in BlackRock's iShares Bitcoin Trust (IBIT) and about $25 million in Fidelity's Wise Origin Bitcoin Fund (FBTC), with both positions down around 10% from the prior quarter. Ethereum exposure was also cut sharply: Goldman reduced its stake in BlackRock's iShares Ethereum Trust (ETHA) by about 70%, leaving roughly 7.2 million shares valued at approximately $114 million. At the same time, Goldman increased positions in crypto-related equities, boosting stakes in Circle Internet Group, Galaxy Digital, Coinbase, Robinhood Markets and PayPal. It trimmed holdings tied to crypto mining and infrastructure, including Strategy, Bit Digital, Riot Platforms and IREN.