Goldman Sachs Dumps XRP and Solana, Cuts Ethereum Exposure by 70%
Goldman Sachs absolutely exited its XRP and Solana (SOL) spot ETF positions through the first quarter of 2026, ending a quick altcoin push that started simply months earlier.
The financial institution’s newest 13F submitting with the Securities and Exchange Commission (SEC) additionally reveals Ethereum (ETH) ETF publicity trimmed by about 70% and Bitcoin (BTC) ETF stakes preserved close to $700 million for the interval ending March 31.
Goldman Sachs Makes A Strategic Altcoin Retreat
The disclosure marks a pointy reversal from late 2025, when Goldman first appeared as one of many largest institutional holders of spot XRP and Solana ETF merchandise.
Earlier filings confirmed practically $154 million unfold throughout Bitwise, Franklin Templeton, Grayscale, and 21Shares XRP funds, plus a smaller Solana place concentrated in Bitwise’s staking ETF and Grayscale’s Solana Trust.
Both positions now sit at zero. Remaining iShares Ethereum Trust (ETHA) holdings stand close to $114 million, nicely beneath the prior quarter.
The financial institution saved roughly $690 million in BlackRock’s iShares Bitcoin Trust (IBIT) and about $25 million in Fidelity Wise Origin Bitcoin Fund (FBTC), although each have been trimmed by near 10%.
Beyond ETFs, the agency elevated publicity to crypto-linked equities together with Circle, Galaxy Digital, and Coinbase. It additionally pared positions in mining and treasury names similar to MicroStrategy, IREN, Bit Digital, and Riot Platforms.
The shift suggests Goldman is changing direct token bets with infrastructure performs tied to stablecoin issuance, prime brokerage, and change flows.
Follow us on X to get the most recent information because it occurs
A Broader Institutional Pattern
Goldman just isn’t the one main allocator rotating out of crypto funds.
Harvard University’s endowment cut its IBIT stake by roughly 43% to about $117 million. It additionally absolutely closed an $86.8 million Ethereum ETF place it had added solely the prior quarter.
Trading agency Jane Street slashed its IBIT holdings by about 71% and FBTC by roughly 60%, then rotated into Ether ETFs.
Emory University exited its small IBIT place solely, swapping into the Grayscale Bitcoin Mini Trust.
However, not each establishment pulled again. Abu Dhabi’s Mubadala elevated its IBIT holdings by about 16% to roughly $566 million, whereas Dartmouth’s endowment opened a small Bitwise Solana Staking ETF place.
Brown University held its IBIT publicity regular.
Quarterly 13F filings replicate end-of-quarter snapshots and typically embrace market-making or client-driven stock slightly than directional bets.
Still, the quantity of altcoin ETF exits tracks the sharp drawdons in XRP and Solana, both down more than 40% year-on-year.
The Q2 disclosures due in August will present whether or not the rotation continued or whether or not institutional urge for food for altcoin funds returns.
The publish Goldman Sachs Dumps XRP and Solana, Cuts Ethereum Exposure by 70% appeared first on BeInCrypto.
