<div id="readability-page-1"><div><div><p>Goldman Sachs sharply reshaped its crypto strategy in the first quarter of 2026, completely exiting its exposure to XRP and Solana ETFs while maintaining massive positions in Bitcoin and Ethereum investment products and aggressively expanding stakes in major crypto-related companies.</p><p>The Wall Street giant’s latest SEC filing revealed that Goldman no longer held any XRP-linked ETF exposure by the end of Q1 — a dramatic reversal after previously becoming the largest institutional holder of XRP-related ETFs in late 2025 with nearly $154 million spread across products from Bitwise, Franklin Templeton, Grayscale Investments, and 21Shares.</p><div><div><blockquote><div dir="ltr" lang="en"><p>Goldman Sachs Exits XRP and Solana ETF Positions, Cuts Ethereum ETF Holdings by 70% </p><p>Goldman Sachs’ latest 13F filing shows the bank fully exited its XRP and Solana ETF positions in Q1 2026 after previously holding around $154 million in XRP ETFs. The bank still holds roughly… pic.twitter.com/jKn6eblVIq</p></div>— Wu Blockchain (@WuBlockchain) May 18, 2026</blockquote></div></div><p>Goldman also fully exited its Solana ETF positions, abandoning exposure to products including the Grayscale Solana Trust ETF, Bitwise Solana Staking ETF, and Fidelity Solana Fund.</p><p>The retreat marks one of the clearest signs yet that major institutions may already be becoming more selective around the newer wave of altcoin ETFs that flooded the market after regulators opened the door to crypto funds beyond Bitcoin and Ethereum last year.</p><p>Despite pulling back sharply from XRP and Solana, Goldman remains deeply entrenched in the core crypto market through large Bitcoin and Ethereum ETF positions.</p><p>The bank still held roughly $690 million in BlackRock’s iShares Bitcoin Trust ETF and another $25 million in Fidelity’s Wise Origin Bitcoin Fund, even after trimming both holdings by around 10% during the quarter.</p><div><div><blockquote><p dir="ltr" lang="en">Stock Market is becoming dangerously concentrated warns Goldman Sachs 🚨🚨🚨 pic.twitter.com/R6adhzIdRe</p>— Barchart (@Barchart) May 18, 2026</blockquote></div></div><p>Its Ethereum exposure was reduced more aggressively, with Goldman slashing its position in BlackRock’s iShares Ethereum Trust by approximately 70%, leaving it with around 7.2 million shares valued at roughly $114 million.</p><p>At the same time, Goldman entered a more sophisticated phase of crypto investing by maintaining exposure to derivatives tied to crypto ETFs, signaling that the bank still sees digital assets as an active institutional trading market rather than a passing experiment.</p><p>The broader message from the filing appears increasingly clear: Goldman is rotating away from speculative altcoin ETF bets while continuing to anchor itself around the largest and most institutionally accepted digital assets.</p><p>While reducing exposure to some crypto funds, Goldman simultaneously ramped up investments across several of the industry’s biggest infrastructure and fintech names.</p><p>The bank boosted its stake in Circle by an eye-catching 249% and expanded its holdings in Galaxy Digital by 205%, underscoring growing institutional confidence in stablecoin infrastructure and crypto financial services.</p><div><div><blockquote><div dir="ltr" lang="en"><p>Goldman Sachs cut crypto ETF exposure in Q1, exiting XRP and Solana products entirely.</p><p>The bank reported $0 in ripple:native and solana:So11111111111111111111111111111111111111112 ETF holdings after previously disclosing about $154M in XRP-related products.</p><p>It also trimmed its… pic.twitter.com/Wu7UOKOfav</p></div>— BeInCrypto (@beincrypto) May 18, 2026</blockquote></div></div><p>Goldman also added to positions in Coinbase, Robinhood, and PayPal, while simultaneously trimming exposure to crypto mining and infrastructure firms such as Riot Platforms, Bit Digital, and BitMine Immersion Technologies.</p><p>The repositioning highlights a broader institutional shift unfolding across Wall Street: major financial firms are not abandoning crypto, but increasingly concentrating capital around Bitcoin, Ethereum, stablecoin infrastructure, regulated trading platforms, and companies viewed as long-term pillars of the digital asset economy.</p><p>Goldman’s latest filing suggests the era of indiscriminate institutional crypto exposure may already be fading — replaced by a more calculated strategy focused on the sectors Wall Street believes are most likely to survive and dominate the next phase of crypto adoption.</p></div></div></div>

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<p>Goldman Sachs has restructured its crypto strategy in Q1 2026, exiting all positions in XRP and Solana ETFs while maintaining significant investments in Bitcoin and Ethereum. The bank's latest SEC filing shows a complete withdrawal from XRP-linked ETFs, previously valued at $154 million, and a 70% reduction in Ethereum holdings. Simultaneously, Goldman increased stakes in major crypto infrastructure firms, indicating a shift towards more stable and established digital assets.</p>

- Goldman Sachs significantly altered its crypto strategy in Q1 2026, exiting all positions in XRP and Solana ETFs while maintaining substantial investments in Bitcoin and Ethereum.  
- The bank's latest SEC filing indicates a complete divestment from XRP-linked products, previously valued at nearly $154 million, alongside a 70% reduction in its Ethereum ETF holdings.  
- This shift reflects a strategic pivot by major institutions towards established digital assets and significant investments in leading crypto-related companies, indicating a more selective approach rather than a withdrawal from the market.

CoinLive

GOLDMAN SACHS GROUP INC DEP REP 1/1000TH PRF D

Riot Platforms

GOLDMAN SACHS GROUP INC DEP SHR REP 1/1000TH PFD SER A

Grayscale Ethereum Staking ETF

Coinbase

GOLDMAN SACHS GROUP INC DEP SHS REPSTG 1/1000TH PRF SER C

Invesco Galaxy Ethereum ETF

Fidelity Wise Origin Bitcoin Fund - ETF

IShares Ethereum Trust ETF

21Shares Ethereum ETF

Franklin Ethereum ETF

Amplify Transform Data Sharing ETF

Bitwise Ethereum ETF

Siren ETF Trust Siren Nasdaq NexGen Economy ETF

CoinShares Bitcoin ETF

VanEck Bitcoin ETF

iShares Bitcoin Trust ETF

Proshares Ether Strategy ETF

ARK 21Shares Bitcoin ETF

Bitwise Bitcoin ETF

Grayscale Ethereum Mini Staking ETF

Invesco Galaxy Bitcoin ETF

Fidelity Ethereum Fund

Franklin Bitcoin ETF

Valkyrie Bitcoin and Ether Strategy ETF

Goldman Sachs

Circle

Galaxy Digital

Galaxy Digital Holdings Ltd.

Robinhood

Paypal

Bit Digital

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Goldman Sachs Dumps XRP and Solana ETFs While Doubling Down on Bitcoin and Crypto Giants