Goldman Sachs fully unwound its XRP (XRP) and Solana (SOL) ETF positions in the first quarter of 2026, scrapping roughly $154 million in altcoin exposure built only months earlier.
Goldman 13F Filing Details
The Wall Street bank's latest Form 13F, filed with the SEC for the quarter ended Mar. 31, shows zero XRP and zero Solana ETF positions, according to news.bitcoin.com.
Goldman previously held about $154 million across XRP funds from Bitwise, Franklin Templeton, Grayscale and 21Shares, plus a Solana position worth more than $100 million spread across Grayscale, Bitwise and Fidelity products.
Bloomberg Intelligence analyst James Seyffart had flagged the bank as the largest disclosed institutional holder of spot XRP ETF shares at the end of 2025, with 83.6 million tokens worth $153.8 million.
The bank also cut its Ethereum (ETH) ETF holdings by roughly 70% to about $114 million, while Bitcoin (BTC) ETF exposure held near $700 million through iShares and Fidelity products.
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Selective Reset, Not Retreat
Analysts read the filing as a selective reset rather than a broad crypto pullback. Goldman added to Circle, Galaxy Digital and Coinbase while trimming Strategy, IREN, Bit Digital and Riot Platforms.
The bank also opened a fresh stake worth roughly $3.3 million in Hyperliquid Strategies, picking up about 654,630 shares only days after the first Hyperliquid ETFs began trading in May. Some XRP-focused accounts on X circulated screenshots claiming Goldman still held the asset, but a check of the actual filing showed those images reflected Q4 2025 data, not the current quarter.
XRP ETF Flows Resilient
Despite Goldman's exit, demand for spot XRP funds has held up. Cumulative net inflows have reached roughly $1.39 billion, with May already topping April's record of $81.59 million after a $60.5 million weekly haul.
XRP ETFs had a rough March, posting their first month of net outflows since their November 2025 launch. Solana funds, by contrast, have not recorded a red month and recently crossed $1.12 billion in cumulative inflows. Goldman's altcoin pivot came after a busy late-2025 stretch, when the bank moved quickly into newly launched XRP and Solana products before reversing course at the first quarterly review.
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