Goldman Sachs Exits XRP and Solana ETF Positions, Cuts Ethereum Holdings 70% in Q1 2026

May 18, 2026

Goldman Sachs fully exited XRP and Solana ETF positions in Q1 2026 after holding nearly $154 million in XRP-linked ETFs in Q4 2025. The firm cut Ethereum ETF holdings by approximately 70%, reducing its BlackRock iShares Ethereum Trust (ETHA) position to around $114 million. Goldman maintained approximately $700 million in Bitcoin ETF exposure, holding around $690 million in BlackRock's iShares Bitcoin Trust and $25 million in Fidelity's FBTC after trimming both positions by roughly 10%.

Goldman Sachs XRP exit

▪XRP price dipped by almost 6% in the seven days prior to May 18, 2026.
▪Goldman Sachs' Q4 2025 XRP ETF holdings included products from Bitwise, Franklin Templeton, Grayscale, and 21Shares.
▪Goldman Sachs fully exited all XRP ETF positions during Q1 2026.
▪Goldman Sachs held nearly $154 million in XRP-linked ETFs in Q4 2025.

Goldman Sachs Solana exit

▪Solana price slumped by around 12% in the seven days prior to May 18, 2026.

XRP ETF inflows

▪Bitwise XRP ETF cumulative inflows reached close to $460 million as of May 2026.
▪XRP ETFs' total net assets stood at $1.18 billion as of May 2026.
▪Bitwise XRP ETF pulled in around $25.67 million during the May 11-15, 2026 trading week.
▪XRP ETFs' cumulative inflows reached around $1.39 billion as of May 2026.
▪Franklin Templeton XRPZ ETF added around $21 million during the May 11-15, 2026 trading week.
▪XRP ETFs added around $60.5 million during the May 11-15, 2026 trading week.

Goldman Bitcoin position trimming

▪Goldman Sachs trimmed both its BlackRock iShares Bitcoin Trust and Fidelity FBTC positions by roughly 10% during Q1 2026.
▪Bitcoin price dropped by 5.3% in the seven days prior to May 18, 2026.
▪Goldman Sachs holds around $690 million in BlackRock's iShares Bitcoin Trust (IBIT) as of Q1 2026.
▪Goldman Sachs holds $25 million in Fidelity's FBTC as of Q1 2026.

Goldman Ethereum holdings cut

▪Goldman Sachs cut its position in BlackRock's iShares Ethereum Trust (ETHA) by about 70% during Q1 2026.
▪Goldman Sachs holds around 7.2 million shares in BlackRock's iShares Ethereum Trust (ETHA) worth approximately $114 million as of Q1 2026.

Goldman crypto equity expansion

▪Goldman Sachs increased its holdings in Galaxy Digital by around 205% during Q1 2026.
▪Goldman Sachs increased its position in Circle by roughly 249% during Q1 2026.
▪Goldman Sachs trimmed positions tied to Strategy, IREN, Bit Digital, and Riot Platforms during Q1 2026.