Goldman Sachs quietly exited its XRP ETF positions in Q1 2026 — and the market barely flinched. According to Goldman’s Form 13F, filed with the SEC in mid-May, the bank that entered the XRP ETF market in late 2025 with heavy conviction reduced roughly $154 million of XRP-linked ETF exposure to zero by the end of March. That exposure had been spread across Bitwise, Grayscale, Franklin Templeton and 21Shares, and at its peak represented nearly 73% of all known institutional XRP ETF holdings. But Goldman’s XRP sell-off was only one piece of a broader portfolio reset. The 13F shows Goldman also closed out its Solana ETF exposure, slashed Ethereum ETF holdings by about 70%, and trimmed some Bitcoin ETF positions — while still holding around $700 million in Bitcoin ETFs. The striking part of the story is how the market absorbed Goldman’s exit. Crypto commentator X Finance Bull flagged that if Goldman dumped $154 million of XRP ETFs and the sector still posted $60.5 million in weekly net inflows the same week, then total buying demand must have exceeded roughly $214 million to both absorb the sell-off and leave the week positive. Rather than precipitating a collapse in flows, XRP spot ETFs registered their strongest weekly inflow since January, contributing to cumulative inflows of about $1.39 billion. Why this matters: a large institutional sale is only damaging if there’s insufficient demand to take the other side. In this case, sellers — including Goldman — were met with enough buyer interest that selling pressure was not only absorbed but outweighed by fresh inflows. That suggests sustained institutional and retail demand for XRP-linked ETFs despite a major player stepping back. A few caveats: 13F filings are lagged and don’t capture intra-quarter moves, derivatives, or non-reportable holdings, so they offer an incomplete picture of real-time positioning. Still, the market reaction to Goldman’s exit is a useful, near-term signal of demand dynamics in the XRP ETF market — and for many holders, a reason to remain confident rather than alarmed.
Goldman Sachs Exits $154M in XRP ETFs, Market Absorbs Sell-Off with Inflows
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Summary
Goldman Sachs reported a $154 million exit from XRP ETFs in Q1 2026, per its SEC Form 13F filing. The bank fully unwound its position by March 2026, having held nearly 73% of institutional XRP ETFs. Despite the move, the sector saw $60.5 million in net inflows that week, with cumulative inflows hitting $1.39 billion. Market trends show strong demand, as the sell-off had minimal impact. Value investing in crypto remains active, with XRP ETFs posting their strongest weekly inflow since January.
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