Goldman Sachs Rebalances Crypto Exposure: XRP, SOL Out, ETH Down 70%, Hyperliquid In
Wall Street large Goldman Sachs has made a notable shift in its crypto-related exchange-traded (ETF) fund positions, in keeping with a latest submitting submitted to the US Securities and Exchange Commission (SEC).
The replace reveals the agency exiting XRP- and Solana (SOL)-linked ETF publicity, whereas additionally trimming its Ethereum (ETH) ETF holdings. At the identical time, the submitting reveals it opened a brand new place tied to one of many largest decentralized exchanges (DEXs).
Goldman Sachs Exits XRP And Solana ETFs
The story begins with Goldman’s XRP ETF publicity going into the top of This fall 2025. At that time, the financial institution held almost $154 million value of XRP-related ETFs from issuers together with Bitwise, Franklin Templeton, Grayscale, and 21Shares.
Those holdings made Goldman Sachs one of many largest institutional holders of XRP ETF merchandise on the time. The latest SEC disclosure, nonetheless, reveals that its XRP ETF positions had been eliminated fully, reflecting a full exit through the first quarter.
An identical change seems with Solana-linked merchandise. Goldman Sachs had beforehand disclosed that it held publicity throughout a number of Solana funding merchandise, together with the Grayscale Solana Trust ETF, the Bitwise Solana Staking ETF, and the Fidelity Solana Fund.
However, similar to XRP, these Solana-related ETF positions additionally disappeared in Goldman’s Q1 submitting. In different phrases, Goldman absolutely exited each XRP- and Solana-linked ETF holdings by the primary quarter of 2026, with no remaining hint of these positions within the up to date portfolio disclosure.
Even with these exits, Goldman Sachs didn’t go away the crypto ETF area fully. The agency nonetheless held roughly $700 million in Bitcoin ETFs. Still, its posture towards Ethereum was extra cautious: Goldman reduce its Ethereum ETF publicity by about 70%, bringing the whole all the way down to roughly $114 million.
New Bet On Hyperliquid
What makes the change extra fascinating is that Goldman Sachs seems to be redeploying at the very least a few of that capital into different elements of the crypto market.
Alongside the ETF reductions and exits, the financial institution opened a brand new place tied to Hyperliquid (HYPE). According to the submitting, Goldman acquired roughly 654,630 shares of Hyperliquid Strategies (PURR), valued at about $3.3 million.
Beyond Hyperliquid, Goldman Sachs’ buying and selling exercise additionally reveals a brand new wave of publicity throughout a number of crypto-linked equities. The financial institution elevated positions in Circle (CRCL), Galaxy (GLXY), and Coinbase (COIN) shares.
At the time of writing, Hyperliquid’s native token, HYPE, was buying and selling at round $45. It has been one of many best-performing tokens over the previous month, with features of 10% within the final two weeks alone.
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