Goldman Sachs appears to have quietly liquidated its entire XRP and Solana ETF holdings during the first quarter of 2026.
According to the firm’s most recent Form 13F filing, Goldman Sachs removed all positions in spot XRP and Solana ETFs after previously building roughly $154 million in XRP exposure just a few months earlier.
Details from the 13F Filing
The Q1 2026 Form 13F submitted by Goldman Sachs shows no current positions in XRP ETFs or Solana ETFs, indicating a full exit from both positions. The filing does, however, list multiple holdings in iShares Ethereum Trust entries, roughly $114 million, $60 million, and $3.4 million, plus a separate iShares Staked Ethereum Trust position valued at about $66.9 million.
Goldman remains heavily invested in Bitcoin (BTC), holding several hundreds of millions through the iShares Bitcoin Trust ETF across multiple account entries. The firm also increased stakes in Circle, Galaxy Digital, and Coinbase while trimming positions in Strategy, IREN, Bit Digital, and Riot.
Some posts circulating on X claimed Goldman still held XRP, citing what looked like a screenshot of an SEC filing. A direct review of Goldman’s submitted 13F, however, shows no XRP positions for Q1 2026. The screenshot shared in those posts appears to reflect Q4 2025 data, which explains the apparent discrepancy.
Goldman’s positions in XRP and Solana were relatively recent. Both ETFs launched in Q4 2025, and the bank moved into those products quickly. By the end of that quarter, Goldman had accumulated roughly $154 million across four XRP-related products — Bitwise, Franklin, Grayscale, and 21Shares — making it one of the largest disclosed institutional holders of spot XRP ETFs at the time. The Solana exposure was added alongside these XRP positions.
XRP ETF Demand Remains Robust Despite Goldman’s Exit
Goldman’s Q1 exit occurred amid a challenging market backdrop for ETFs tracking Ripple’s token. After a strong initial performance following their launch, these funds faced weaker momentum as crypto markets softened in early 2026 amid elevated global uncertainty, producing their first negative month in March.
Conditions improved in April, however, when those products returned to positive territory and recorded more than $81 million in inflows. Through the current month, with two weeks still remaining, inflows into spot XRP ETFs have reached nearly $95 million, and cumulative net inflows have climbed to a new all-time high of approximately $1.39 billion.
Solana ETFs have shown steadier monthly performance since launch and have not experienced a negative month, although inflows have declined from the peak of $419 million recorded in November 2025. Like the XRP products, Solana ETFs saw cumulative net inflows reach a new high in May, hitting about $1.12 billion.
Overall, while Goldman Sachs has exited its XRP and Solana ETF positions, investor interest in both asset classes remains significant, reflected in substantial and growing cumulative inflows across multiple spot crypto ETF products.