Wall Street’s biggest crypto bets are starting to look very different from just a few months ago.
After aggressively expanding into altcoin exchange-traded funds (ETFs) in late 2025, Goldman Sachs has now sharply reversed course, exiting some of its highest-profile positions
The shift is drawing attention across crypto markets because it suggests large banks may already be rotating away from early altcoin ETF trades and toward a new class of crypto infrastructure plays. Goldman Sachs exits XRP and Solana ETF positions Goldman Sachs fully exited its XRP- and Solana-linked ETF holdings during the first quarter of 2026, according to the bank’s latest Form 13F filing with the US Securities and Exchange Commission. The move marked a major reversal from the bank’s positioning just months earlier.
At the end of Q4 2025, Goldman held nearly $154 million worth of XRP-related ETFs issued by Bitwise, Franklin Templeton, Grayscale and 21Shares, making it one of the largest institutional holders of XRP ETF products at the time. The bank also previously disclosed exposure to several Solana investment products, including the Grayscale Solana Trust ETF, Bitwise Solana Staking ETF and Fidelity Solana Fund. Those positions disappeared entirely from Goldman’s Q1 filing.