Goldman Sachs Withdraws from XRP and Solana ETFs, Reduces Bitcoin and Ethereum Holdings in Q1 2026

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Goldman Sachs reported Bitcoin ETF activity in its Q1 2026 13F filing, revealing a 10% reduction in holdings, including $690 million in BlackRock’s IBIT and $25 million in Fidelity’s FBTC. Ethereum-related news followed with a 70% reduction in iShares’ ETHA, leaving a $114 million position. The firm fully exited its positions in XRP and Solana ETFs from Grayscale, Bitwise, and Fidelity. It added new stakes in Circle, Galaxy Digital, Coinbase, Robinhood, and PayPal, while reducing its positions in Strategy and Riot Platforms.

Goldman Sachs’ Q1 2026 Form 13F filing with the U.S. Securities and Exchange Commission (SEC) shows it significantly reduced its holdings of cryptocurrency ETFs, completely liquidating all XRP-related ETFs and all Solana ETFs offered by Grayscale, Bitwise, and Fidelity. Its Bitcoin ETF holdings still include approximately $690 million in BlackRock’s IBIT and $25 million in Fidelity’s FBTC, each down about 10% from the prior quarter. Ethereum ETF holdings saw a steeper decline, with the iShares Ethereum ETF (ETHA) position reduced by approximately 70%, leaving around $114 million. Additionally, during the same period, Goldman Sachs increased its positions in Circle, Galaxy Digital, Coinbase, Robinhood, and PayPal, while reducing its stakes in stocks such as Strategy and Riot Platforms.

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