According to Goldman Sachs’ Q1 2026 13F filing with the SEC, the financial institution has sold all of its XRP and Solana (SOL) ETF holdings. In its Q4 2025 filing, the bank reported nearly $154 million worth of XRP ETFs. These ETFs were from Bitwise, Franklin Templeton, Grayscale and 21Shares. Moreover, Goldman Sachs also reduced its Bitcoin (BTC) and Ethereum (ETH) ETF exposure. Nonetheless, the firm still holds more than $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’ Q1 move coincides with the crypto market taking a hit. Bitcoin (BTC) fell to the $62,000 mark in February, and most other assets followed its trajectory. Moreover, macroeconomic and geopolitical tensions were quite high. The move may have prompted Goldman Sachs to liquidate its XRP and SOL ETF holdings.
However, the bank seems to have opened a new position in another cryptocurrency. Goldman Sachs’ 13F filing shows that the firm has a position in Hyperliquid-related firms. The filing shows that the bank has purchased 654,630 shares of Hyperliquid Strategies Inc. (PURR), worth around $3.3 million. According to reports, the move came in days after Hyperliquid ETFs made their debut in the US.
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Hyperliquid (HYPE) is experiencing quite a price surge after Goldman Sachs’ 13F filing. According to CoinGecko data, HYPE has rallied by 1.5% in the last 24 hours, 19.3% in the last week, 9.4% in the 14-day charts, 16.5% over the previous month, and nearly 81% since May 2025.
HYPE’s rally comes amid a larger market-wide correction. XRP, on the other hand, has fallen by 6.4% in the weekly charts. The steep correction could be due to Goldman Sachs exiting its XRP ETF position and also due to the overall market bearishness.
