Goldman exits XRP and Solana spot ETFs, cuts Ethereum 70%

Goldman Sachs exited its spot XRP and Solana ETF positions in the first quarter of 2026 and cut its Ethereum ETF holdings by about 70%, while retaining roughly $700 million in Bitcoin ETF exposure, according to the firm’s 13F filing with the Securities and Exchange Commission for the quarter ended March 31.

The filing shows about $154 million that had been allocated across Bitwise, Franklin Templeton, Grayscale and 21Shares XRP products was removed. A smaller Solana position held in Bitwise’s Solana Staking ETF and the Grayscale Solana Trust was also reduced to zero.

Remaining iShares Ethereum Trust (ETHA) holdings were near $114 million, down about 70% from the prior quarter. Bitcoin exposure was concentrated in roughly $690 million in BlackRock’s iShares Bitcoin Trust (IBIT) and about $25 million in Fidelity’s Wise Origin Bitcoin Fund (FBTC), both trimmed by close to 10%.

The filing shows larger equity stakes in Circle, Galaxy Digital and Coinbase. Positions were reduced in MicroStrategy, IREN, Bit Digital and Riot Platforms.

Other institutional 13F filings for the quarter showed mixed activity. Harvard University’s endowment cut its IBIT holding by about 43% to around $117 million and closed an $86.8 million Ethereum ETF position it had added the prior quarter.

Trading firm Jane Street reduced its IBIT holdings by about 71% and FBTC by roughly 60% while increasing exposure to Ether ETFs. Emory University exited a small IBIT stake and added a position in the Grayscale Bitcoin Mini Trust.

Abu Dhabi’s Mubadala raised its IBIT holding by about 16% to roughly $566 million. Dartmouth opened a small position in the Bitwise Solana Staking ETF, and Brown University left its IBIT exposure unchanged.

13F filings reflect holdings at the end of a quarter and can include market-making or client-driven inventory rather than long-term positions. XRP and Solana were each down more than 40% year over year.

Q2 13F disclosures, due in August, will report institutional holdings as of June 30.