Goldman Sachs dumps Solana, XRP for surprising new investment

Wall Street’s biggest crypto bets are starting to look precise antithetic from conscionable a fewer months ago.

After aggressively expanding into altcoin exchange-traded funds (ETFs) successful precocious 2025, Goldman Sachs has present sharply reversed course, exiting immoderate of its highest-profile positions.

The displacement is drafting attraction crossed crypto markets due to the fact that it suggests ample banks whitethorn already beryllium rotating distant from aboriginal altcoin ETF trades and toward a caller people of crypto infrastructure plays.

Related: Millions of Americans could soon person astonishment payouts

Goldman Sachs exits XRP and Solana ETF positions

Goldman Sachs afloat exited its XRP- and Solana-linked ETF holdings during the archetypal 4th of 2026, according to the bank’s latest Form 13F filing with the US Securities and Exchange Commission.

The determination marked a large reversal from the bank’s positioning conscionable months earlier.

At the extremity of Q4 2025, Goldman held astir $154 cardinal worthy of XRP-related ETFs issued by Bitwise, Franklin Templeton, Grayscale and 21Shares, making it 1 of the largest organization holders of XRP ETF products astatine the time.

The slope besides antecedently disclosed vulnerability to respective Solana concern products, including the Grayscale Solana Trust ETF, Bitwise Solana Staking ETF and Fidelity Solana Fund.

Those positions disappeared wholly from Goldman’s Q1 filing.

The pullback came contempt broader organization adoption of crypto ETFs continuing into 2026, with Bitcoin ETF holdings remaining supra $700 cardinal adjacent aft Goldman trimmed immoderate of its vulnerability during the quarter.

The accelerated exit suggests the slope whitethorn beryllium reevaluating its strategy astir nonstop altcoin ETF vulnerability aft initially embracing the assemblage during the late-2025 motorboat wave.

Goldman pivots toward Hyperliquid vulnerability

While Goldman exited XRP and Solana ETF products, the slope simultaneously opened a caller presumption tied to Hyperliquid-related infrastructure.

Hyperliquid has rapidly emerged arsenic 1 of the fastest-growing sectors successful crypto markets. Hyperliquid is simply a decentralized perpetual futures trading level that allows users to commercialized crypto derivatives straight onchain without accepted intermediaries.

The level processed astir $2.9 trillion successful trading measurement during 2025, a much than 400% summation from the erstwhile year, portion commanding astir 60% of planetary onchain derivatives unfastened interest, according to Bitwise.

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