Solana news: Goldman Sachs Adjusts Crypto ETF Holdings: Solana and XRP Positions Exited
Goldman Sachs Alters Crypto ETF Portfolio
Goldman Sachs has made significant changes to its crypto-related exchange-traded fund (ETF) holdings, as revealed in a recent filing with the US Securities and Exchange Commission (SEC). The bank has exited its positions in both Solana (SOL) and XRP-linked ETFs, while also reducing its exposure to Ethereum (ETH) ETFs.
Exit from Solana and XRP ETFs
Previously, Goldman Sachs was among the largest institutional holders of XRP ETF products, with nearly $154 million invested across issuers such as Bitwise, Franklin Templeton, Grayscale, and 21Shares. The latest SEC disclosure confirms a complete exit from these positions during the first quarter of 2026.
A similar approach was taken with Solana-linked investment products, including the Grayscale Solana Trust ETF, Bitwise Solana Staking ETF, and Fidelity Solana Fund. All Solana ETF positions were removed from the updated portfolio, indicating a full withdrawal by the end of Q1 2026.
Ethereum Exposure Reduced
Despite these exits, Goldman Sachs has not left the crypto ETF market entirely. The firm retained approximately $700 million in Bitcoin ETFs. However, its Ethereum ETF holdings were reduced by about 70%, now totalling around $114 million.
New Position in Hyperliquid
The bank has shifted some capital towards other crypto assets, notably opening a new position in Hyperliquid (HYPE). According to the filing, Goldman Sachs acquired roughly 654,630 shares of Hyperliquid Strategies (PURR), valued at approximately $3.3 million.
Broader Crypto Market Activity
In addition to Hyperliquid, Goldman Sachs increased its exposure to several crypto-linked equities, including Circle (CRCL), Galaxy (GLXY), and Coinbase (COIN). Hyperliquid's token, HYPE, has shown upward price trends and increased volatility, with a 10% gain in the last two weeks.
- Goldman Sachs exits Solana and XRP ETF positions
- Ethereum ETF exposure reduced by 70%
- New investment in Hyperliquid and other crypto equities
