Major investment bank Goldman Sachs is repositioning its crypto portfolio as it continues to reduce exposure to Ethereum while stacking BTC. The powerful financial institution has also decided, in principle, to exit its exposure to Solana and XRP entirely and has sold off its remaining stakes, which were held in Exchange-Traded Funds (ETFs). These updates were shared by the bank in its latest 13F filing.
Crypto reporting firm Wu Blockchain tweeted about the development:
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According to the latest filing, the company once invested around $154 million in XRP ETFs but has since offloaded all of them. The bank was, at one point, one of the largest holders of XRP in the world, but it appears that the decision-makers have lost confidence in this asset and are looking to move on.
Solana investments through Grayscale Trust and Bitwise Staking ETF also faced the axe, and Ethereum holdings were trimmed by over 70% during this time frame. At one point, the bank had roughly $800 million invested in Ethereum ETFs, but the exposure has been dramatically reduced to $114 million, showing shaky confidence in the digital asset.
 
Goldman Sachs Prefers Bitcoin
The only major digital currency to enjoy the same confidence from the bank was Bitcoin, and Goldman Sachs currently holds a steady $700 million in BTC ETFs on its balance sheet. The investment giant also increased its investments in stablecoin issuers like Circle and Coinbase while reducing its exposure to MicroStrategy, IREN, Bit Digital, and Riot Platforms.
The increasing institutional interest in Coinbase and Circle is seen as a reaction to the CLARITY Act, which is likely to pass the US Senate in the near future after being advanced by the banking committee. These two firms were at the forefront of the landmark bill, which is likely to bring regulatory clarity to the table, something missing in the crypto economy for the past decade and a half of its existence.
The Future
13F filings are typically submitted at the end of each quarter and reflect the evolving dynamics of investment managers. Solana and XRP ETFs were overhyped during the last two quarters of 2025, resulting in hundreds of millions of dollars flowing into them. However, the two assets have since tanked, prompting an institutional exodus.
Goldman Sachs is known for its cautious approach, especially towards digital currencies. Even its $700 million BTC stash is relatively small, suggesting the bank is only dipping its toes at the moment. However, the firm’s actions are always studied in detail, and if it continues to invest in the digital currency economy, others are likely to follow its lead.
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