Bitcoin ETF saw a net outflow of $649 million in a single day, with Goldman Sachs fully exiting its XRP and Solana positions

According to SoSoValue data, on May 18 in US Eastern Time, Bitcoin spot ETFs had total net outflows of $649 million, while Ethereum spot ETFs had total net outflows of $86.31 million. On the same day, Goldman Sachs’ Q1 2026 13F filing showed that the firm has fully liquidated all its XRP and Solana ETF positions from Q4 2025, which had reached about $154 million.

Confirmed data for Bitcoin spot ETFs on May 18

According to SoSoValue confirmations:

Largest single-day net outflows:

BlackRock IBIT: -$448 million (IBIT historical total net inflows: $65.33B)

Ark Invest/21Shares ARKB: -$110 million (ARKB historical total net inflows: $1.28 billion)

Overall data as of the time of reporting:

Total AUM: $100.49B; ETF net asset ratio: 6.52%; historical cumulative net inflows: $55.4M

Confirmed data for Ethereum spot ETFs on May 18

According to SoSoValue confirmations:

Largest single-day net outflows:

BlackRock ETHA: -$53.399 million (ETHA historical total net inflows: $11.76B)

Fidelity FETH: -$14.7M (FETH historical total net inflows: $2.18B)

Overall data as of the time of reporting:

Total AUM: $12.2B; ETF net asset ratio: 4.77%; historical cumulative net inflows: $11.75B

Q1 2026 13F filing confirmed position changes by Goldman Sachs

According to Goldman Sachs’ Q1 2026 13F filing confirmations:

Fully liquidated: XRP- and Solana-related ETFs (Q4 2025 total about $154 million; zeroed out in Q1 2026)

Maintained holdings: Bitcoin ETFs of about $700 million (down about 10% from the prior quarter), mainly funds managed by BlackRock and Fidelity

Significant reduction: Ethereum ETFs cut by about 70%; currently holding about $114 million

Increased holdings of crypto-related stocks: Circle +249%, Galaxy Digital +205%, Coinbase (the filing did not list the increase amount separately)

FAQ

What does IBIT’s $448 million single-day net outflow mean?

ETF net outflows reflect investors’ redemption activity, not the ETF issuer’s investment decisions. IBIT’s historical total net inflows are still $65.33B; the single-day outflow is investors’ capital reallocation and does not indicate that BlackRock has changed its ETF management strategy.

How large was the confirmed scale of Goldman Sachs liquidating the XRP and Solana ETF positions?

According to the 13F filing, Goldman Sachs fully liquidated all its XRP- and Solana-related ETF positions in Q1 2026. Those positions had reached about $154 million in Q4 2025, falling from $154 million to zero within a single quarter.

What percentage of Goldman Sachs’ total crypto ETF holdings is its approximately $700 million Bitcoin ETF position?

Based on the 13F filing, taking Goldman Sachs’ approximately $700 million in Bitcoin ETFs and approximately $114 million in Ethereum ETFs together, Bitcoin accounts for about 86% of the total crypto ETF positions confirmed by Goldman Sachs. Both the XRP and Solana ETFs have been fully liquidated to zero.