U.S.-based multinational investment bank Goldman Sachs disclosed Monday that it had significantly reduced its exposure to XRP and Solana exchange-traded funds (ETFs) during Q1 2026.
Goldman Sachs slashes XRP, SOL ETF holdings
Goldman Sachs’ Q1 2026 13F filing with the U.S. Securities and Exchange Commission (SEC) reveal that the Wall Street behemoth has completely exited positions from XRP and SOL-based ETFs. In addition, it has trimmed its Bitcoin (BTC) and Ether (ETH) ETFs holdings.
Specifically, Goldman Sachs had reported XRP ETF holdings worth $154M in Q4 2025, tied to products from Bitwise, Grayscale, 21Shares, and Franklin Templeton. According to the latest 13F filing, the firm has fully exited its position in XRP ETFs.
The company’s SOL ETF holdings suffered a similar fate, which have now slid all the way down to $0 in terms of amount held. Notably, the firm had invested in the Bitwise Solana Staking ETF, Fidelity Solana Fund, and the Grayscale Solana Trust ETF.
Goldman Sachs’ decision to fully exit positions in XRP and SOL ETFs indicates a cautious stance toward fresh altcoin ETFs. Both the ETFs were only launched in Q4 2025, unlike BTC and ETH ETFs which have traded in the market for over a year now.
Trims observed in BTC, ETH ETF holdings
Goldman Sachs also trimmed its exposure to the BTC and ETH-based ETFs. For instance, the firm holds $690M in BlackRock’s iShares Bitcoin Trust and $25M in Fidelity Wise Origin Bitcoin Fund. However, both these positions are 10 percent less compared to Q4 2025.
In the same vein, the firm also cut its exposure to ETH-based ETFs. Goldman Sachs’ holdings in the iShares Ethereum Trust fell by almost 70 percent compared to Q4 2025, currently valued at about $114M.
On the flipside, the company has invested more in crypto-related stock such as Circle, Robinhood, Coinbase, and Galaxy Digital. However, the firm reduced its holdings in Strategy, as the Michael Saylor-led firm has been catching some flak for mulling selling some of its BTC holdings.
Despite the overall additions and subtractions in Goldman Sachs’ ETF exposure, the organic demand for altcoin-based ETFs remains strong.
For instance, earlier on Monday, analysts shared opinions on how the recent updates on BNB ETF applications could be a bullish catalyst for the altcoin.