--- title: "Goldman Sachs Dumps XRP and Solana ETFs While Doubling Down on Bitcoin and Crypto Giants" type: "News" locale: "en" url: "https://longbridge.com/en/news/286865370.md" description: "Goldman Sachs has restructured its crypto strategy in Q1 2026, exiting all positions in XRP and Solana ETFs while maintaining significant investments in Bitcoin and Ethereum. The bank's latest SEC filing shows a complete withdrawal from XRP-linked ETFs, previously valued at $154 million, and a 70% reduction in Ethereum holdings. Simultaneously, Goldman increased stakes in major crypto infrastructure firms, indicating a shift towards more stable and established digital assets." datetime: "2026-05-19T06:33:19.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/286865370.md) - [en](https://longbridge.com/en/news/286865370.md) - [zh-HK](https://longbridge.com/zh-HK/news/286865370.md) --- # Goldman Sachs Dumps XRP and Solana ETFs While Doubling Down on Bitcoin and Crypto Giants Goldman Sachs sharply reshaped its crypto strategy in the first quarter of 2026, completely exiting its exposure to XRP and Solana ETFs while maintaining massive positions in Bitcoin and Ethereum investment products and aggressively expanding stakes in major crypto-related companies. The Wall Street giant’s latest SEC filing revealed that Goldman no longer held any XRP-linked ETF exposure by the end of Q1 — a dramatic reversal after previously becoming the largest institutional holder of XRP-related ETFs in late 2025 with nearly $154 million spread across products from Bitwise, Franklin Templeton, Grayscale Investments, and 21Shares. > Goldman Sachs Exits XRP and Solana ETF Positions, Cuts Ethereum ETF Holdings by 70% > > Goldman Sachs’ latest 13F filing shows the bank fully exited its XRP and Solana ETF positions in Q1 2026 after previously holding around $154 million in XRP ETFs. The bank still holds roughly… pic.twitter.com/jKn6eblVIq > > — Wu Blockchain (@WuBlockchain) May 18, 2026 Goldman also fully exited its Solana ETF positions, abandoning exposure to products including the Grayscale Solana Trust ETF, Bitwise Solana Staking ETF, and Fidelity Solana Fund. The retreat marks one of the clearest signs yet that major institutions may already be becoming more selective around the newer wave of altcoin ETFs that flooded the market after regulators opened the door to crypto funds beyond Bitcoin and Ethereum last year. Despite pulling back sharply from XRP and Solana, Goldman remains deeply entrenched in the core crypto market through large Bitcoin and Ethereum ETF positions. The bank still held roughly $690 million in BlackRock’s iShares Bitcoin Trust ETF and another $25 million in Fidelity’s Wise Origin Bitcoin Fund, even after trimming both holdings by around 10% during the quarter. > Stock Market is becoming dangerously concentrated warns Goldman Sachs 🚨🚨🚨 pic.twitter.com/R6adhzIdRe > > — Barchart (@Barchart) May 18, 2026 Its Ethereum exposure was reduced more aggressively, with Goldman slashing its position in BlackRock’s iShares Ethereum Trust by approximately 70%, leaving it with around 7.2 million shares valued at roughly $114 million. At the same time, Goldman entered a more sophisticated phase of crypto investing by maintaining exposure to derivatives tied to crypto ETFs, signaling that the bank still sees digital assets as an active institutional trading market rather than a passing experiment. The broader message from the filing appears increasingly clear: Goldman is rotating away from speculative altcoin ETF bets while continuing to anchor itself around the largest and most institutionally accepted digital assets. While reducing exposure to some crypto funds, Goldman simultaneously ramped up investments across several of the industry’s biggest infrastructure and fintech names. The bank boosted its stake in Circle by an eye-catching 249% and expanded its holdings in Galaxy Digital by 205%, underscoring growing institutional confidence in stablecoin infrastructure and crypto financial services. > Goldman Sachs cut crypto ETF exposure in Q1, exiting XRP and Solana products entirely. > > The bank reported $0 in ripple:native and solana:So11111111111111111111111111111111111111112 ETF holdings after previously disclosing about $154M in XRP-related products. > > It also trimmed its… pic.twitter.com/Wu7UOKOfav > > — BeInCrypto (@beincrypto) May 18, 2026 Goldman also added to positions in Coinbase, Robinhood, and PayPal, while simultaneously trimming exposure to crypto mining and infrastructure firms such as Riot Platforms, Bit Digital, and BitMine Immersion Technologies. The repositioning highlights a broader institutional shift unfolding across Wall Street: major financial firms are not abandoning crypto, but increasingly concentrating capital around Bitcoin, Ethereum, stablecoin infrastructure, regulated trading platforms, and companies viewed as long-term pillars of the digital asset economy. Goldman’s latest filing suggests the era of indiscriminate institutional crypto exposure may already be fading — replaced by a more calculated strategy focused on the sectors Wall Street believes are most likely to survive and dominate the next phase of crypto adoption. ### Related Stocks - [GS-D.US](https://longbridge.com/en/quote/GS-D.US.md) - [RIOT.US](https://longbridge.com/en/quote/RIOT.US.md) - [GS-A.US](https://longbridge.com/en/quote/GS-A.US.md) - [ETHE.US](https://longbridge.com/en/quote/ETHE.US.md) - [COIN.US](https://longbridge.com/en/quote/COIN.US.md) - [GS-C.US](https://longbridge.com/en/quote/GS-C.US.md) - [QETH.US](https://longbridge.com/en/quote/QETH.US.md) - [FBTC.US](https://longbridge.com/en/quote/FBTC.US.md) - [ETHA.US](https://longbridge.com/en/quote/ETHA.US.md) - [CETH.US](https://longbridge.com/en/quote/CETH.US.md) - [EZET.US](https://longbridge.com/en/quote/EZET.US.md) - [BLOK.US](https://longbridge.com/en/quote/BLOK.US.md) - [ETHW.US](https://longbridge.com/en/quote/ETHW.US.md) - [BLCN.US](https://longbridge.com/en/quote/BLCN.US.md) - [BRRR.US](https://longbridge.com/en/quote/BRRR.US.md) - [HODL.US](https://longbridge.com/en/quote/HODL.US.md) - [IBIT.US](https://longbridge.com/en/quote/IBIT.US.md) - [EETH.US](https://longbridge.com/en/quote/EETH.US.md) - [ARKB.US](https://longbridge.com/en/quote/ARKB.US.md) - [BITB.US](https://longbridge.com/en/quote/BITB.US.md) - [ETH.US](https://longbridge.com/en/quote/ETH.US.md) - [BTCO.US](https://longbridge.com/en/quote/BTCO.US.md) - [FETH.US](https://longbridge.com/en/quote/FETH.US.md) - [EZBC.US](https://longbridge.com/en/quote/EZBC.US.md) - [BTF.US](https://longbridge.com/en/quote/BTF.US.md) - [BTCHKD.VAHK](https://longbridge.com/en/quote/BTCHKD.VAHK.md) - [BTCUSD.VAHK](https://longbridge.com/en/quote/BTCUSD.VAHK.md) - [ETHHKD.VAHK](https://longbridge.com/en/quote/ETHHKD.VAHK.md) - [ETHUSD.VAHK](https://longbridge.com/en/quote/ETHUSD.VAHK.md) - [GS.US](https://longbridge.com/en/quote/GS.US.md) - [CRCL.US](https://longbridge.com/en/quote/CRCL.US.md) - [GLXY.US](https://longbridge.com/en/quote/GLXY.US.md) - [BRPHF.US](https://longbridge.com/en/quote/BRPHF.US.md) - [HOOD.US](https://longbridge.com/en/quote/HOOD.US.md) - [PYPL.US](https://longbridge.com/en/quote/PYPL.US.md) - [BTBT.US](https://longbridge.com/en/quote/BTBT.US.md) - [W4VR.SG](https://longbridge.com/en/quote/W4VR.SG.md) ## Related News & Research - [Trust Wallet Updated Token Search Filtering](https://longbridge.com/en/news/286301194.md) - [Goldman's Pasquariello Sees "Cause For Some Momentum Sobriety"](https://longbridge.com/en/news/286791105.md) - [VanEck Ethereum ETF 1Q 2026: Net income $(44.78) M — 10-Q Summary](https://longbridge.com/en/news/286457595.md) - [HighTower Advisors LLC Has $231.18 Million Stake in The Goldman Sachs Group, Inc. $GS](https://longbridge.com/en/news/286875690.md) - [ChatGPT Can Now Connect to Your Financial Accounts for Budgeting Advice](https://longbridge.com/en/news/286596894.md)