The US investment bank Goldman Sachs significantly cut its holdings in cryptocurrency ETFs during the first quarter of 2026. The US Securities and Exchange Commission’s Q1 Form 13F filing with Goldman Sachs did not include any XRP-linked ETFs.
Bitwise, Franklin Templeton, Grayscale, and 21Shares all have XRP-related exchange-traded funds (ETFs) that Goldman Sachs reported to have in its Q42025 13F filing, with a combined value of roughly $154 million.
Investors in cryptocurrency keep a careful eye on quarterly 13F filings as they reveal a lot about the allocation of funds across digital asset investment products by large institutional asset managers. Despite significant institutional interest in digital-asset ETFs, the bank withdrew from XRP products.
Retained Major Positions in Bitcoin and Ethereum Products
There was also a change at Goldman Sachs regarding Solana-related exchange-traded funds (ETFs). The bank has already been clear about its holdings in many exchange-traded funds (ETFs) associated with Solana, including GSOL, BSOL, and FSOL. At the same time that issuers started releasing a slew of crypto funds unrelated to Bitcoin (BTC) and Ethereum (ETH), XRP-and Solana-linked ETFs debuted in late 2025.
With the release of more funds in November, trading in Solana ETFs got underway in late October 2025. Midway through November, issuers rushed to introduce new cryptocurrency products to investors by releasing the first spot XRP ETFs.
Even when Goldman Sachs stopped disclosing its holdings in XRP and Solana ETFs, the bank maintained sizable stakes in Bitcoin and Ether ETFs and held stock in crypto firms.
Although the bank reduced both holdings by around 10% during the quarter, they still had approximately $690 million in the iShares Bitcoin Trust ETF (IBIT) from BlackRock and another $25 million in the Fidelity Wise Origin Bitcoin Fund (FBTC).
In addition, Goldman Sachs reduced its holdings in the iShares Ethereum Trust (ETHA) by around 70%, resulting in 7.2 million shares valued at approximately $114 million on its books.