Banking behemoth Goldman Sachs Group, Inc. (NYSE:GS) sold all its Solana (CRYPTO: SOL) and XRP (CRYPTO: ETF) exchange-traded fund holdings in the first quarter, according to its latest 13F filing released Friday.



<h2>Major Altcoin Positions Dumped</h2>



Goldman Sachs liquidated its position in Bitwise XRP ETF (NYSE:XRP), Franklin XRP ETF (NYSE:XRPZ), 21Shares XRP ETF (BATS:TOXR) and Grayscale XRP Trust ETF (NYSE:GXRP), all of which it had acquired only in the previous quarter. 



The firm also dumped the entirety of its holdings in Bitwise Solana Staking ETF (NYSE:BSOL), Fidelity Solana Fund (NYSE:FSOL), Grayscale Solana Trust ETF (NYSE:GSOL), VanEck Solana ETF (NASDAQ:VSOL), Franklin Solana ETF (NYSE:SOEZ), and 21Shares Solana ETF (BATS:TSOL).



<div>




Read Also:

Bitcoin Price Flags Alarming Patterns As BTC ETFs Outflows Hit $1 Billion




</div>


<h2>Goldman Sachs Rejigs Bitcoin, Ethereum Exposure</h2>



Goldman Sachs maintained its exposure to Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH), though with significantly reduced stakes.



It reported holding 17.985 million shares of the iShares Bitcoin Trust ETF (NASDAQ:IBIT) as of March 31, down from 20.685 million in the previous quarter. The stake was worth $690.98 million based on IBIT's price of $38.42 on March 31.



Similarly, its position in the Fidelity Wise Origin Bitcoin Fund (BATS:FBTC) was trimmed from 469.940 shares to 426,555 shares, worth $25.17 million.



Goldman Sachs also reshuffled its Ethereum holdings, reducing its stake in the iShares Ethereum Trust ETF (NASDAQ:ETHA) by nearly 70% to $114.19 million, while opening a new $66.89 million position in the iShares Staked Ethereum Trust ETF (NASDAQ:ETHB).



<figure class="wp-block-table"><table><thead><tr><th>Goldman Sachs’ Cryptocurrency ETF Positions</th><th>Total Stake As Of March 31</th></tr></thead><tbody><tr><td>Bitcoin</td><td>$716.15 million</td></tr><tr><td>Ethereum                </td><td>$181.08 million</td></tr><tr><td>XRP                        </td><td>0</td></tr><tr><td>Solana                      </td><td>0</td></tr></tbody></table></figure>



Price Action: Goldman Sachs shares fell 0.25% in after-hours trading after closing 0.22% lower at $946.36 during Monday’s regular trading session. Year-to-date, the stock has gained 7.66%.



The stock maintains a stronger price trend over the short, medium, and long terms, with a higher Momentum ranking, according to Benzinga’s Edge Stock Rankings.



<figure class="wp-block-image size-full"></figure>



<div>




Read Also:

Harvard University Slashed Bitcoin Exposure By Nearly Half In Q1, Exited Ethereum ETF Entirely




</div>


Image via Shutterstock/ ioda

GS-C

GS-A

Goldman Sachs has sold all its holdings in Solana and XRP ETFs in Q1, according to its latest 13F filing. The firm also reduced its stakes in Bitcoin and Ethereum ETFs, maintaining exposure but with significantly lower positions. As of March 31, Goldman Sachs held $716.15 million in Bitcoin and $181.08 million in Ethereum, while completely exiting XRP and Solana. Shares of Goldman Sachs fell 0.25% in after-hours trading.

benzinga_article

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

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

Goldman Sachs

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

Fidelity Wise Origin Bitcoin Fund - ETF

WisdomTree Bitcoin Fund

Franklin Bitcoin ETF

Bitwise Bitcoin ETF

Invesco Galaxy Ethereum ETF

iShares Bitcoin Trust ETF

ProShares Bitcoin Strategy ETF

21Shares Ethereum ETF

CoinShares Bitcoin ETF

VanEck Bitcoin ETF

ARK 21Shares Bitcoin ETF

Bitwise XRP ETF

Franklin XRP ETF

21shares XRP ETF

Grayscale XRP Trust ETF

Bitwise Solana Staking ETF

Fidelity Solana Fund

Grayscale Solana Staking ETF

VanEck Solana ETF

Franklin Solana ETF

21Shares Solana ETF

IShares Ethereum Trust ETF

iShares Staked Ethereum ETF

GS Hldg R

Goldman Sachs Abandons XRP, Solana ETF Positions, Cuts Exposure In Bitcoin, Ethereum ETF Positions—Find Out More