According to Goldman Sachs’ Q1 2026 13F filing with the SEC, the financial institution sold all of its holdings in the XRP and Solana (SOL) ETFs. The bank reported approximately $154 million worth of XRP ETFs in its fourth quarter 2025 filing. These ETFs were from Bitwise, Franklin Templeton, Grayscale, and 21Shares. Additionally, Goldman Sachs has also reduced its ETF exposure to Bitcoin (BTC) and Ethereum (ETH). Despite this, the company still holds $700 million worth of BTC ETFs and $114 million worth of ETH ETFs.
Why did Goldman Sachs sell its XRP and Solana ETF holdings?
Goldman Sachs’ first-quarter moves coincided with a period when the cryptocurrency market took a hit. Bitcoin (BTC) fell to the $62,000 level in February, and most other assets followed suit. Moreover, macroeconomic and geopolitical tensions were very high. This move may have led Goldman Sachs to liquidate its holdings in the XRP and SOL ETFs.
However, the bank appears to have opened a new position in another cryptocurrency. Goldman Sachs’ 13F filings show the company has positions in hyperliquid-related companies. The bank purchased 654,630 shares of HyperLiquid Strategies, Inc. (PURR), valued at approximately $3.3 million, according to the filing. The move reportedly comes days after the HyperLiquid ETF debuted in the United States.
The price of Hyper Liquid (HYPE) has increased significantly after the 13F filing by Goldman Sachs. According to CoinGecko data, HYPE is up 1.5% in the past 24 hours, 19.3% in the last week, 9.4% on the 14-day chart, 16.5% month over month, and nearly 81% since May 2025.
HYPE’s rise comes amid a significant market-wide correction. Meanwhile, XRP fell 6.4% on the weekly chart. This sharp correction could be due to Goldman Sachs exiting its XRP ETF position and overall market weakness.
(Tag translation) Goldman Sachs
