Goldman Sachs sold off its entire positions in XRP and Solana ETFs during the first quarter, while also trimming its holdings in Bitcoin and Ether ETFs, according to the bank's latest 13F filing this week. The move marks one of the most notable shifts by a major Wall Street player in the crypto ETF space.
XRP and Solana out, Bitcoin and Ether trimmed
The filing, covering the three months through March 31, shows Goldman exited the Purpose XRP ETF and the Solana ETF entirely. It also reduced its stake in the Bitcoin ETF by roughly 15% and the Ether ETF by about 10%. The bank didn't disclose the exact dollar amounts, but the shifts are significant given Goldman's role as a bellwether for institutional crypto adoption.
A cautious quarter for crypto on Wall Street
Goldman's moves come at a time when several altcoin ETFs have struggled to gain traction with institutional investors. XRP and Solana funds launched to fanfare last year but have seen uneven inflows. The bank's full exit suggests it sees limited near-term upside — or is managing risk ahead of regulatory uncertainties. Bitcoin and Ether ETFs, meanwhile, remain the largest and most liquid, though Goldman's trimming signals a more cautious posture even there.
What the filing doesn't say
13F filings only show long positions held at quarter-end — they don't capture short positions, derivatives, or trades made after March 31. So Goldman could have changed its stance again since. Still, the disclosure offers a rare public window into how one of the world's biggest investment banks is navigating crypto exposure. The timing isn't great for Solana and XRP advocates, who have been pushing for broader institutional buy-in.
Next up: Q2 numbers
Goldman's next quarterly filing is due in August. Until then, the market will be watching whether other banks follow suit — or break the other way. The Q1 snapshot is clear: for now, Goldman is stepping back, not deeper.
