Goldman Sachs Suddenly Abandons XRP and Solana ETF Bets

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Goldman Sachs appears to have fully exited its spot XRP and Solana (SOL) ETF positions during the first quarter of 2026, according to the bank’s latest SEC 13F filing. The move comes just months after the Wall Street giant became one of the largest disclosed institutional holders of XRP exchange-traded products following their late-2025 launch. At the same time, Goldman increased exposure to Bitcoin (BTC), Ethereum (ETH), and crypto infrastructure firms like Coinbase and Galaxy Digital.

Goldman Quietly Removes XRP And Solana Exposure

The latest Form 13F filing submitted to the SEC no longer shows any XRP ETF or Solana ETF holdings tied to Goldman Sachs. This contrasts sharply with disclosures from February, when journalist Eleanor Terrett, as well as TechGaged, reported the bank held roughly $153 million in XRP exposure and $108 million connected to Solana-related products.

At the same time, Goldman maintained sizable positions tied to Bitcoin and Ethereum.

The filing still shows large exposure to spot Bitcoin and Ethereum investment vehicles, including multiple entries tied to BlackRock’s iShares Ethereum Trust products. Goldman also retained major Bitcoin-related positions and increased exposure to crypto infrastructure companies like Circle, Coinbase, and Galaxy Digital.

This shift suggests the bank may be rotating away from newer altcoin ETF products as it continues to back wider crypto infrastructure and institutional adoption plays.

XRP And Solana ETFs Still See Strong Demand

Goldman’s exit comes during a mixed period for crypto ETFs overall.

Spot XRP ETFs struggled earlier this year after the wider crypto market sold off amid rising geopolitical tensions and macroeconomic uncertainty. However, the products recovered in April and May, with cumulative inflows reportedly reaching fresh all-time highs. Solana ETFs have also continued attracting capital despite slower momentum compared to their launch period in late 2025.

The filing lands as institutional interest in crypto remains elevated across Wall Street, particularly around Bitcoin, Ethereum, stablecoins, and tokenized financial infrastructure.