On May 15, 2026, Goldman Sachs reported in its quarterly 13F filing with the United States Securities and Exchange Commission (SEC) that it had sold all its ETF positions in XRP and Solana (SOL).
According to CoinPost, the bank’s holding of four XRP spot ETFs, namely Bitwise, Franklin Templeton, Grayscales, and 21Shares, were decreased from $152.2 million to zero as of December 31, 2025.
Furthermore, Solana spot ETFs were also accessible in Bitwise Solana Staking ETF (about $45.4 million), Grayscale Solana Trust ETF (about $35.7 million), Fidelity Solana Fund (about $0.6 million), VanEck Solana Trust (about $5.1 million), 21Shsares Solana ETF, and Franklin Solana Trust, all of which were all reduced to zero.
Goldman Sachs reported its first investment in XRP and Solana ETFs in Q4 2025 at 13F filing with U.S. SEC, which at the same time placed Goldman Sachs as one of the largest institutional holders in XRP-linked ETF products, with holding 73% total size over the top 30 institutional holdings.
XRP saw expanded institutional interest amid enhancing sentiment following advancements in the SEC and Ripple legal settlement case, while Solana generated inflows following the approval of several ETF products at the end of 2025.
XRP and SOL ETFs Suggest Capital Shift Toward Crypto Infrastructure
Bitcoin (BTC) spot ETF has a total value of approximately $716 million (over 110 billion yen), while BlackRock’s IBIT about $691 million, and Fidelity’s FBTC about $25.2 million, a decline of over 33% in terms of value from about $1.063 billion in the previous quarter.
Moreover, as for Ethereum (ETH) spot ETF, BlackRock’s ETHA decreased approximately 81% over $114.2 million, and Fidelity’s FETH was also acquired in full by approximately $393.9 million in the previous quarter. Additionally, the iShares Staked Ethereum Trust (approximately $66.9 million) has been newly purchased, which is a decrease of approximately 90% for the total ETH-linked spot ETF.
Meanwhile, the firm increased its holding crypto-linked investments, such as Circle, Galaxy, and Coinbase, while decreasing Strategy, IREN, Bit Digital, and Riot Platforms.
Thus, the filing suggests a clear investment position by Goldman Sachs, the selling of XRP and Solana ETFs, reducing major Bitcoin and Ethereum ETF positions, and shifting capital toward crypto infrastructure and service-related stocks.
