Solana

Galaxy

Bitcoin ETF

<ul>
 <li>Goldman Sachs sold all XRP and Solana ETF positions while keeping roughly $700 million in Bitcoin ETFs.</li>
 <li>The bank reduced Ethereum ETF exposure by nearly 70% but added a new staked Ethereum position.</li>
 <li>Goldman increased investments in Circle, Coinbase, and Galaxy Digital despite broader crypto fund outflows.</li>
</ul>
<p>Goldman Sachs changed its crypto ETF portfolio during the first quarter of 2026, fully exiting XRP and Solana funds while reducing Ethereum ETF exposure by nearly 70%. According to the bank’s latest 13F <a href="https://www.sec.gov/Archives/edgar/data/886982/000088698226000274/xslForm13F_X02/primary_doc.xml" rel="noopener noreferrer nofollow">filing</a>, Goldman kept roughly $700 million in Bitcoin ETF holdings as crypto investment products recorded over $1 billion in weekly outflows across the broader market.</p>
<h2 class="wp-block-heading" id="strong-bitcoin-holdings-stay-as-altcoin-etfs-disappear-strong"><strong>Bitcoin Holdings Stay as Altcoin ETFs Disappear</strong></h2>
<p>Goldman Sachs no longer reported holdings tied to XRP or Solana ETFs after previously building major positions during late 2025. In the prior quarter, the bank disclosed nearly $154 million across XRP products from Bitwise, Franklin Templeton, Grayscale, and 21Shares.</p>
<p>The filing also showed <a href="https://cryptofrontnews.com/goldman-sachs-files-bitcoin-income-etf-using-options-strategy/" rel="noopener noreferrer nofollow">Goldman Sachs</a> previously held about $108 million in Solana-related investment products. Those positions included exposure through Bitwise, Grayscale, Fidelity, VanEck, and Franklin Templeton offerings.</p>
<p>However, the bank maintained large Bitcoin ETF exposure despite reducing some positions. Goldman held roughly $690 million in BlackRock’s IBIT and about $25 million in Fidelity’s FBTC fund.</p>
<p>At the same time, the filing showed Goldman increased IBIT exposure to nearly 41 million shares. The bank also expanded IBIT call options while maintaining put positions tied to the fund.</p>
<h2 class="wp-block-heading" id="strong-ethereum-exposure-falls-nearly-70-strong"><strong>Ethereum Exposure Falls Nearly 70%</strong></h2>
<p>While Bitcoin positions remained significant, Goldman reduced Ethereum ETF exposure during the quarter. The bank cut its BlackRock ETHA position from 43.6 million shares to roughly 13.7 million shares.</p>
<p>Still, Goldman initiated a new 2.5 million-share position in BlackRock’s iShares Stake Ethereum Trust. The filing did not disclose reasons behind the portfolio adjustments.</p>
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<p>Meanwhile, CoinShares reported digital asset investment products recorded $1.07 billion in outflows last week. According to the report, Bitcoin products saw $982 million in outflows, while Ethereum funds lost $249 million.</p>
<p>However, <a href="https://cryptofrontnews.com/xrp-holds-key-support-as-analyst-eyes-potential-breakout-above-15/" rel="noopener noreferrer nofollow">XRP</a> and Solana products continued attracting capital despite Goldman’s exit. CoinShares data showed XRP products recorded $67.6 million in inflows, while Solana products added $55.1 million.</p>
<h2 class="wp-block-heading" id="strong-goldman-increases-stakes-in-crypto-firms-strong"><strong>Goldman Increases Stakes in Crypto Firms</strong></h2>
<p>Alongside ETF changes, Goldman expanded holdings in several crypto-linked companies during the quarter. The bank increased positions in Circle, Galaxy Digital, and Coinbase shares.</p>
<p>Notably, Goldman more than tripled its <a href="https://cryptofrontnews.com/circle-revenue-hits-694m-as-arc-raises-222m/" rel="noopener noreferrer nofollow">Circle</a> stake from about 417,000 shares to nearly 1.5 million shares. However, the bank reduced holdings tied to Strategy, IREN, Bit Digital, and Riot.</p>
<p>The latest filing also reflected broader institutional positioning around regulated crypto products. Bitcoin ETFs continued holding deeper liquidity across spot, futures, and options markets than most alternative crypto investment products.</p>
<p>The post <a href="https://cryptofrontnews.com/goldman-sachs-dumps-xrp-and-solana-etfs-keeps-bitcoin-etf-bet/" rel="noopener noreferrer nofollow">Goldman Sachs Dumps XRP and Solana ETFs, Keeps Bitcoin ETF Bet</a> appears on <a href="https://cryptofrontnews.com" rel="noopener noreferrer nofollow">Crypto Front News</a>. Visit our website to read more interesting articles about cryptocurrency, blockchain technology, and digital assets.</p>

Goldman Sachs Dumps XRP and Solana ETFs, Keeps Bitcoin ETF Bet

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