Goldman Sachs, a major Wall Street bank, has made big changes to its crypto investment portfolio. The bank has exited its positions in Solana and XRP ETFs and has also cut back its exposure to Ethereum ETFs.
Goldman’s latest quarterly filing shows it held no positions in Solana or XRP-related ETFs as of March 31. This is a big change from late 2025, when the bank reportedly had more than $250 million combined in these assets.
The filing also revealed that Goldman cut its holdings in BlackRock’s Ethereum ETF by almost 70%. However, the bank still has significant investments in Bitcoin products.
Goldman still had about $690 million invested in BlackRock’s IBIT Bitcoin ETF, along with more investments in Fidelity’s Bitcoin products.
Analysts pointed out that quarterly filings only show part of the picture for institutional crypto exposure, since they do not include short positions, client activity, or hedging strategies. Still, the filing suggests Goldman is now more cautious about some parts of the crypto market due to ongoing volatility.
Even though Goldman reduced its altcoin ETF positions, Bitcoin is still the bank’s biggest crypto investment. The smaller cut in Bitcoin holdings compared to Ethereum and other altcoins shows that traditional financial institutions still see Bitcoin as the most established digital asset.
The latest filing also shows that institutional investors are facing more uncertainty as they deal with changing crypto prices, new regulations, and shifting market sentiment.
LATEST: 🏦 Goldman Sachs exited its XRP and Solana ETF positions in Q1, while trimming Bitcoin and Ethereum ETF exposure and boosting stakes in Circle and Galaxy Digital. pic.twitter.com/2FjqQKTySg
— CoinMarketCap (@CoinMarketCap) May 18, 2026
You need to login in order to Like
Leave a comment