Goldman Sachs has quietly unwound its entire XRP and Solana ETF positions in Q1 2026 according to its latest 13F filing, marking a complete reversal from its altcoin ETF strategy. The bank completely liquidated its $154 million stake in XRP ETFs spread across Bitwise, Franklin Templeton, Grayscale, and 21Shares, while also selling out of all Solana ETF positions from Grayscale, Bitwise, and Fidelity. This exit comes after the financial services giant had built up roughly $154 million in XRP ETF exposure just months earlier, making it the largest known institutional holder of U.S. spot XRP ETFs with total XRP ETF assets crossing $1.53 billion in the previous quarter. The move represents a sharp reversal from Goldman's altcoin ETF positions that it had built in Q4 2025, with the firm no longer reporting XRP-linked or Solana-linked ETF positions.
XRP has lost 25% of its value in 2026 and faces further downside risk after failing to sustain a move above $1.50, triggering a spike in long liquidations to nearly $670 million. The token's struggles come as market sentiment has shifted from greed to fear, raising the possibility of a deeper correction to around $1.15. However, a historical weekly buy signal based on RSI suggests a potential mid-term rally if the token holds near this level. The institutional caution is evident as Goldman Sachs' exit signals broader institutional skepticism toward XRP, despite the token's increased trading volumes and ETF inflows that have failed to offset the negative sentiment driving the current correction.
Despite exiting its reported XRP and Solana positions, Goldman Sachs has launched a new Bitcoin Income ETF as part of its strategic pivot. The bank maintained its core Bitcoin ETF holdings worth approximately $715 million, with $690 million in BlackRock's IBIT and $25 million in Fidelity's FBTC, while simultaneously executing the sharper altcoin reductions. Additionally, Goldman Sachs has simultaneously opened a new position tied to the rapidly growing Hyperliquid ecosystem through the PURR Hyperliquid-linked strategy product, maintaining its first publicly disclosed exposure connected directly to the Hyperliquid ecosystem. This strategic pivot comes as Hyperliquid RWA open interest recently hit a record $2.6 billion, more than doubling within just two months. The move follows Hyperliquid's recent push into high-profile markets like the SpaceX pre-IPO perpetual launch, with the platform increasingly positioning itself as a major blockchain for perpetual futures, spot trading, and tokenized real-world asset infrastructure operating fully on-chain.
Goldman Sachs has slashed its Ethereum ETF holdings by roughly 70% in Q1 2026, reducing the position to approximately $114 million primarily in iShares products. This represents a significant reduction from the bank's previous Ethereum exposure, as it had maintained substantial positions across multiple ETF providers. The sharp reduction in Ethereum holdings aligns with Goldman's broader strategy of reducing exposure to altcoin-linked investment products while maintaining core positions in established digital assets. The move occurred during a challenging period for the crypto market, with digital asset investment products recording $1.07 billion in outflows according to CoinShares data, marking the end of a six-week positive streak and representing the third-largest weekly outflow of 2026.
