Solana news: Goldman Sachs Reduces Crypto ETF Holdings, Withdraws from Solana and XRP Funds

Goldman Sachs Adjusts Crypto ETF Exposure

Goldman Sachs, a leading US investment bank, has made notable changes to its cryptocurrency exchange-traded fund (ETF) holdings in the first quarter of 2026. According to its latest Form 13F filing with the US Securities and Exchange Commission, the bank has sharply reduced its exposure to crypto ETFs, particularly those linked to Solana and XRP.

Withdrawal from Solana and XRP ETFs

In the previous quarter, Goldman Sachs was the largest institutional holder of XRP-related ETFs, with nearly $154 million invested across products from Bitwise, Franklin Templeton, Grayscale, and 21Shares. However, the bank's Q1 2026 filing shows no reported holdings in XRP-linked ETFs. Similarly, Goldman Sachs no longer holds Solana-linked ETFs, such as the Grayscale Solana Trust ETF (GSOL), Bitwise Solana Staking ETF (BSOL), and Fidelity Solana Fund (FSOL).

Both XRP and Solana ETFs were launched in late 2025, expanding the range of crypto funds available beyond Bitcoin and Ether. Despite the withdrawal, institutional interest in digital-asset ETFs remains present in the broader market.

Continued Exposure to Bitcoin and Ether ETFs

While reducing exposure to Solana and XRP, Goldman Sachs continues to hold significant positions in Bitcoin and Ether ETFs. The bank reported approximately $690 million in BlackRock’s iShares Bitcoin Trust ETF (IBIT) and $25 million in the Fidelity Wise Origin Bitcoin Fund (FBTC), despite trimming both positions by around 10% during the quarter. Its holding in the iShares Ethereum Trust (ETHA) was reduced by about 70%, leaving it with roughly 7.2 million shares valued at around $114 million.

Rebalancing Crypto Equity Holdings

Goldman Sachs also adjusted its crypto equity portfolio. The bank increased its exposure to Circle Internet Group (CRCL) by 249% and Galaxy Digital (GLXY) by 205%. Additional investments were made in Coinbase Global (COIN), Robinhood Markets (HOOD), and PayPal Holdings (PYPL). Conversely, the bank reduced stakes in mining and infrastructure companies, including BitMine Immersion Technologies (BMNR), Bit Digital (BTBT), Riot Platforms (RIOT), Strategy (MSTR), and IREN (IREN).

Market Implications

Goldman Sachs' rebalancing reflects a cautious approach to emerging crypto ETFs while maintaining a strong presence in established Bitcoin and Ether products. The bank's adjustments may influence institutional sentiment and allocation strategies within the digital asset sector.