US investment bank Goldman Sachs made significant changes in its investments in cryptocurrency-focused exchange traded funds (ETF) in the first quarter of 2026. In the Form 13F report sent by the bank to the US Securities and Exchange Commission (SEC) and covering the first quarter of 2026, it was seen that it did not have any XRP-related ETFs.
In the previous report, announced in the last quarter of 2025, Goldman Sachs carried a total position of $ 154 million in XRP ETFs offered by Bitwise, Franklin Templeton, Grayscale and 21Shares. The bank stood out as the institution with the largest share in XRP ETFs at the end of 2025.
Comprehensive ETF portfolio change
As of March 2026, there are no positions remaining in both XRP and Solana ETFs. Similarly, the bank completely disposed of the Solana-based funds it previously held in its portfolio, such as Grayscale Solana Trust ETF, Bitwise Solana Staking ETF and Fidelity Solana Fund.
XRP and Solana-linked ETFs launched in late 2025; During this period, funds based on new cryptocurrencies, in addition to Bitcoin and Ether, began to be offered to investors. The first trading of Solana ETFs began at the end of October 2025, while spot XRP ETFs began trading in mid-November.
13F reports are closely followed by investors to understand the extent to which large institutional investors are interested in digital assets. While Goldman Sachs exited its XRP and Solana products this quarter, institutional interest in other digital asset ETFs generally continued.
Strong stance on Bitcoin and Ether ETFs
Despite exiting the XRP and Solana ETFs entirely, Goldman Sachs maintained significant holdings in the Bitcoin and Ether ETFs. The bank holds approximately $690 million in BlackRock’s iShares Bitcoin Trust ETF (IBIT) and $25 million in Fidelity’s Wise Origin Bitcoin Fund (FBTC). These figures reveal that although the amounts were reduced by approximately 10% during the quarter, Bitcoin remains a priority in the bank’s crypto ETF investments.
There was a decline of approximately 70% in the Ethereum-based iShares Ethereum Trust (ETHA). Goldman Sachs’ share in ETHA decreased to $114 million with approximately 7.2 million shares.
Crypto company shares and other asset moves
Goldman Sachs is taking a different route when it comes to shares of companies linked to the crypto industry. The most notable increase in this area was a 249% increase in Circle Internet Group shares and a 205% increase in Galaxy Digital. Shares in Coinbase Global, Robinhood Markets and PayPal Holdings also increased during the quarter.
During the same period, the bank reduced its holdings in major mining and infrastructure companies such as BitMine Immersion Technologies, Bit Digital and Riot Platforms. Additionally, MicroStrategy and IREN shares also shrank.
