The massive bank Goldman Sachs has fully exited its investments in multiple areas of cryptocurrency, focusing on exchange-traded funds (ETFs) amid lackluster product performance.
In its latest 13F filing with the U.S. Securities and Exchange Commission, investment in a banking giant sold its holdings of XRP—as well as ETFs related to Solana (SOL).
Documents show that Goldman Sachs liquidated its holdings in several XRP-linked ETFs in the fourth quarter of 2025, after holding approximately $154 million worth of such products.
At the time, the bank was one of the largest institutional holders of XRP-related ETFs, with investments spanning products offered by companies such as Bitwise, Franklin Templeton, Grayscale Investments, and 21Shares.
Goldman Sachs has also exited its positions in Solana-related investment products, including the Grayscale Solana Trust ETF, Bitwise Solana Staking ETF, and Fidelity Solana Fund, marking its full withdrawal from alternative cryptocurrency ETFs.
Goldman Sachs' broader cryptocurrency holdings
Despite reduced holdings in XRP and Solana, the bank still maintains significant exposure to Bitcoin (Bitcoin ETFs: Goldman Sachs continues to hold approximately $690 million in BlackRock’s IBIT and about $25 million in Fidelity’s FBTC, although both positions are down by approximately 10% compared to the previous quarter).
The document also shows a significant decrease in Ethereum holdings (Ethereum: Goldman Sachs reduced its stake in BlackRock’s ETHA ETF by approximately 70%, leaving around 7.2 million shares, valued at approximately $114 million).
Meanwhile, the bank increased its investments in cryptocurrency-related stocks, raising its stakes in Circle Internet Group, Galaxy Digital, Coinbase, Robinhood Markets, and PayPal.
Meanwhile, the company reduced its stakes in cryptocurrency mining and infrastructure companies, including Strategy, Bit Digital, Riot Platforms, and IREN.