Goldman Sachs exits XRP, Solana ETF exposure in Q1 2026
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- Goldman Sachs exited all XRP‑linked ETFs, ending its status as the largest institutional holder of those products as of Dec 31 2025.
- Goldman Sachs also cleared its holdings in Solana‑linked ETFs, including the Grayscale Solana Trust (GSOL), Bitwise Solana Staking (BSOL) and Fidelity Solana Fund (FSOL).
- Goldman Sachs retained roughly $690 million in BlackRock’s iShares Bitcoin Trust (IBIT) and $25 million in Fidelity’s Wise Origin Bitcoin Fund (FBTC), cutting both positions by about 10% in Q1 2026.
- Goldman Sachs slashed its iShares Ethereum Trust (ETHA) stake by roughly 70%, leaving about 7.2 million shares valued at $114 million.
- Goldman Sachs boosted crypto equity exposure, notably a 249% jump in Circle Internet Group and a 205% rise in Galaxy Digital, while trimming positions in mining firms (BitMine Immersion, Bit Digital, Riot) and in Strategy and IREN.
Why it matters: Crypto fund managers lose a major institutional anchor for XRP and Solana ETFs, while Goldman Sachs redirects capital to Bitcoin and equity bets, tightening liquidity for altcoin products and boosting demand for Bitcoin‑linked funds.
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