coin-img-ETHETH-3.37%coin-img-BTCBTC-1.73%coin-img-SOLSOL-2.17%coin-img-DATAVLTDATAVLT-45.22%coin-img-NEUROVERIFYNEUROVERIFY+25.07%coin-img-XRPXRP-2.09%coin-img-USDCUSDC+0.02%coin-img-HYPEHYPE+3.33%coin-img-ETHETH-3.37%coin-img-BTCBTC-1.73%coin-img-SOLSOL-2.17%coin-img-DATAVLTDATAVLT-45.22%coin-img-NEUROVERIFYNEUROVERIFY+25.07%coin-img-XRPXRP-2.09%coin-img-USDCUSDC+0.02%coin-img-HYPEHYPE+3.33%coin-img-ETHETH-3.37%coin-img-BTCBTC-1.73%coin-img-SOLSOL-2.17%coin-img-DATAVLTDATAVLT-45.22%coin-img-NEUROVERIFYNEUROVERIFY+25.07%coin-img-XRPXRP-2.09%coin-img-USDCUSDC+0.02%coin-img-HYPEHYPE+3.33%coin-img-ETHETH-3.37%coin-img-BTCBTC-1.73%coin-img-SOLSOL-2.17%coin-img-DATAVLTDATAVLT-45.22%coin-img-NEUROVERIFYNEUROVERIFY+25.07%coin-img-XRPXRP-2.09%coin-img-USDCUSDC+0.02%coin-img-HYPEHYPE+3.33%

Goldman Sachs Dumps XRP and Solana ETF Stakes, Keeps Bitcoin ETF Exposure

Goldman Sachs' latest regulatory filing offers a clear read on its appetite for altcoin ETFs: it's backing away. In its Q1 2026 Form 13F, the bank reported it fully exited every XRP- and Solana-linked ETF position, a bucket that had reached roughly $154 million at its peak in Q4 2025. By contrast, Goldman largely held onto its Bitcoin ETF exposure at about $700 million, keeping allocations to products from BlackRock and Fidelity. The pullback wasn't incremental. XRP and Solana ETF holdings were taken to zero, while Ethereum exposure was sharply reduced. Goldman cut its ETH ETF position by around 70%, leaving about $114 million on the books. The moves came even as XRP and Solana ETFs remained relatively new, having launched only in late 2025. Bitcoin stood apart. Goldman's Bitcoin ETF exposure totaled roughly $715 million to $720 million, implying only about a 10% reduction from prior levels. The gap is stark: a modest trim for Bitcoin, a deep cut for Ethereum, and a full exit for XRP and Solana. Equity positions reinforce the broader stance. Goldman increased its stake in Circle by 249% and raised its position in Galaxy Digital by 205%, while also adding to Coinbase. Circle is the issuer of USDC, a key stablecoin used across DeFi and institutional settlement. Galaxy Digital operates in trading, asset management, and mining. Coinbase remains the largest U.S.-based crypto exchange. The Circle increase stands out against an evolving stablecoin regulatory backdrop. As governments move to formalize stablecoin rules, USDC is widely viewed as a more compliance-oriented, institution-friendly option. Goldman's Ethereum reduction may be the most telling signal. A 70% cut suggests the institutional case for ETH is weakening relative to Bitcoin. If similar patterns appear in other major institutions' upcoming 13F filings, liquidity and survivability for altcoin ETFs could come under pressure, given these products rely on assets under management to remain viable.
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XRP
XRP-2.08%
SOL
SOL-2.14%
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