Goldman Sachs, a major financial firm, recently changed its investments in cryptocurrency exchange-traded funds (ETFs), as reported in a document filed with the Securities and Exchange Commission (SEC).
The latest report indicates the firm has sold off its investments in ETFs related to XRP and Solana (SOL), and reduced its holdings in Ethereum (ETH) ETFs. Simultaneously, the filing reveals a new investment in a leading decentralized exchange (DEX).
Goldman Sachs Exits XRP And Solana ETFs
The narrative begins with Goldman Sachs’ investment in XRP ETFs towards the close of 2025. By that time, the bank had accumulated approximately $154 million in XRP ETFs from companies like Bitwise, Franklin Templeton, Grayscale, and 21Shares.
Goldman Sachs was once a major institutional investor in XRP ETFs. But a recent SEC filing reveals they’ve completely sold off those investments, exiting their positions entirely during the first three months of the year.
We’re also seeing a similar pattern with investments connected to Solana. Goldman Sachs has reported owning shares in several Solana investment products, such as the Grayscale Solana Trust ETF, the Bitwise Solana Staking ETF, and the Fidelity Solana Fund.
Similar to what happened with XRP, Goldman Sachs no longer held any ETF positions related to Solana as of their first quarter 2024 filing. This means they completely sold off their holdings in both XRP and Solana ETFs, and these investments no longer appear in their latest portfolio report.
Despite selling off some of its holdings, Goldman Sachs didn’t completely exit the crypto ETF market. They still held around $700 million in Bitcoin ETFs. However, they significantly reduced their investment in Ethereum ETFs, cutting it by about 70% to around $114 million, indicating a more cautious approach.
New Bet On Hyperliquid
What’s particularly noteworthy is that Goldman Sachs seems to be reinvesting some of that money into other areas of the cryptocurrency market.
In addition to cutting back on some ETFs, the bank also invested in Hyperliquid (HYPE). Documents show Goldman Sachs purchased approximately 654,630 shares of Hyperliquid Strategies (PURR), worth around $3.3 million.
In addition to its activity with Hyperliquid, Goldman Sachs has been increasing its investments in companies connected to the crypto world. Specifically, the bank recently bought more shares in Circle, Galaxy, and Coinbase.
As of today, Hyperliquid’s token, HYPE, is worth approximately $45. It’s been a top performer recently, increasing in value by 10% in just the last two weeks.
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2026-05-18 20:29