Goldman Sachs Exits Solana and XRP ETFs in Major Crypto Portfolio Move

Goldman Sachs exited XRP and Solana ETFs, reduced Ethereum holdings, and increased investments in Coinbase, Circle, and Galaxy Digital.

Goldman Sachs made a major change in its crypto investment portfolio during Q1 2026. The bank sold off all its holdings of XRP and Solana ETFs. Meanwhile, Goldman Sachs significantly cut down its holdings of the Ethereum ETF. However, the company still maintained a large investment in Bitcoin exchange-traded funds.

Goldman Sachs Reduces Crypto ETF Exposure

The latest 13F filing revealed that Goldman Sachs had held almost $154 million of XRP ETFs before. But all of those assets were sold by the bank in the first quarter of 2026. Moreover, Goldman also sold all of its holdings in the Solana ETF. The transactions caught out many crypto investors and market participants off guard.

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

Meanwhile, the bank reduced its Ethereum ETF exposure by almost 70%. The rest of the Ethereum ETFs are now valued at almost $114 million. Even after those cuts, Goldman Sachs still has almost $700 million worth of Bitcoin ETFs. So, Bitcoin continues to be the bank’s biggest crypto-related ETF investment.

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In addition, Goldman Sachs boosted investments in several crypto-related companies. The bank expanded its Circle Internet Group position by 249%. Circle is a well-known entity responsible for creating the USDC stablecoin. At the same time, Goldman boosted its Galaxy Digital holdings by 205%.

The bank also raised its stake in Coinbase’s stock. Also, Goldman Sachs hired some big guns from Robinhood and PayPal. These businesses are still growing their crypto trading and digital payment platforms for users around the globe.

Conversely, Goldman has cut down on its exposure to many crypto mining and infrastructure firms. The bank sold off its stake in Strategy, which is now MicroStrategy, Riot Platforms, IREN, and Bit Digital.

Goldman Sachs Shifts Toward Stable Revenue Businesses

Many market experts believe Goldman Sachs is changing its strategy instead of leaving crypto completely. The bank seems more interested in companies with more stable revenue and payment services than in volatile crypto assets. As a result, companies that are linked to trading platforms and stablecoins received more backing from Goldman.

In recent months, large financial companies have shown rising interest in stablecoin infrastructure and crypto payment systems. Goldman’s increasing investment in Circle, Coinbase, and PayPal is indicative of that overall trend. These businesses make money from trading, transaction fees, and payment services.

Furthermore, Goldman Sachs recently introduced an investment product of its own related to Bitcoin. The firm launched the Goldman Sachs Bitcoin Premium Income ETF for wealth management clients.

The product is designed to offer more risk-free avenues for earning income from Bitcoin. This has led many investors to think that Goldman still has a long-term future in digital assets.

The latest filing also shows the trend of institutional investors being more selective in the crypto markets. Instead of investing broadly across all crypto sectors, many firms now focus on businesses with stronger financial performance. This has continued to draw large institutional investment into payment companies and trading platforms.