Solana

Goldman Sachs appears to have eliminated its spot XRP and Solana (SOL) ETF-related holdings during the first quarter of 2026. The same SEC Form 13F indicates the bank kept sizable positions tied to Bitcoin and Ethereum vehicles and added exposure to crypto infrastructure names including Circle, Coinbase, and Galaxy Digital.

Institutional investors withdrew a combined $1.07 billion from Bitcoin and digital-asset investment products in one week, ending a seven-week run of inflows and marking the year's third-largest weekly outflow. Bitcoin led the declines with $982 million leaving, while Ethereum recorded $249 million in outflows, its biggest weekly redemption since January 30th. XRP and Solana bucked the trend, drawing $67.6 million and $55.1 million in inflows, respectively.

As the CLARITY Act edges toward becoming law, Ethereum is being framed as a leading beneficiary based on a five-point decentralization checklist. Yet reported Q1 institutional trimming—JPMorgan (-89%), Fidelity/FMR (-84%), Goldman Sachs (-62%), and Royal Bank of Canada (-39%)—alongside softer DeFi signals, suggests expectations may be outpacing positioning.

Solana (SOL) fell to $83, extending a six-day run of lower closes and wiping out May's gains. The token traded near $84 at press time, down 2.2% on the day and 10% over the week, as derivatives deleveraging intensified. Analysts highlighted $27.3 million in long liquidations and a 350% drop in futures netflow to -$164.3 million, while spot netflow stayed negative at about -$2.8 million.

Goldman Sachs fully unwound its Solana (SOL) spot ETF exposure in the first quarter of 2026, reversing a position valued at about $108 million. The move was disclosed in a Form 13F filed with the SEC on May 15, 2026, and coincided with SOL sliding over 13% in the past seven days to around $84.31, with market cap near $48.8 billion.

Goldman Sachs changed its crypto-linked ETF positioning in an SEC filing, fully removing XRP- and Solana (SOL)-related products while reducing its Ethereum (ETH) ETF exposure by about 70%. The disclosure also shows the firm still held roughly $700 million in Bitcoin ETFs and initiated a new Hyperliquid-related position valued at about $3.3 million.

Digital asset investment products posted net outflows of $1.074B last week, ending a six-week streak of inflows, with the US accounting for $1,140M of redemptions. Bitcoin led the pullback at -$982M and Ethereum followed at -$249M, while XRP (+$67.6M) and Solana (+$55.1M) still attracted capital. Total AUM slipped to $156.87B from $159B in the prior week.

Crypto investment funds logged $1.07 billion in net outflows for the week ending May 16, snapping a seven-week streak of positive weekly flows. Bitcoin products accounted for $981.5 million of withdrawals and Ethereum funds saw $249.3 million leave, while XRP and Solana attracted $67.6 million and $55.1 million in inflows. Total assets under management slipped to $157 billion from $159 billion a week earlier.

US spot Bitcoin ETFs posted a sharp reversal, recording about $1 billion in net outflows over the past five trading days after a prior week saw over $620 million in inflows. Spot Ethereum ETFs also stayed negative all week, totaling just over $255 million in net withdrawals, while ETH slipped from a $2,400 rejection to below $2,200. Over the same period, ETFs tracking SOL and XRP finished the week without any red days.

On 17 May 2026, a corporate treasury snapshot showed Forward Industries holding 6,979,967 SOL valued at $606.52M, far ahead of the next group of companies. Upexi, DeFi Development Corp, Solana Company, and Sharps Technology each reported positions between 2,140,000 and 2,400,000 SOL, with holdings valued from $185.96M to $208.55M. The top five disclosed treasuries total about 15,943,041 SOL, estimated at roughly $1.39B.