Goldman Sachs Dumps XRP and Solana ETF Stakes, Slashes Ethereum Exposure by 70%!

Goldman Sachs' Q1 2026 13F filing reveals a sweeping rotation out of altcoin ETF exposure: the bank fully exited its XRP ETF positions — which had been worth roughly $154 million — and closed out its Solana ETF holdings entirely. Ethereum ETF exposure was cut by approximately 70%, leaving Goldman with around $114 million remaining.

Bitcoin remains the bank's dominant crypto-ETF position at roughly $700 million, signalling a clear flight to the largest-cap asset while shedding the higher-risk altcoin layer. The move suggests Goldman's institutional desk is tightening its crypto risk profile rather than exiting the asset class altogether.

Not everything was a reduction: Goldman simultaneously increased its equity stakes in Circle, Galaxy, and Coinbase, while trimming positions in Strategy, IREN, Bit Digital, and Riot. The pattern reads as a pivot from speculative mining and altcoin ETF…