Overview
- Goldman Sachs, which disclosed Monday through its Q1 13F, reported a full exit from XRP and Solana ETFs and a larger position in BlackRock’s Bitcoin fund with more call options.
- The bank’s Q4 2025 stakes had totaled about $152 million across XRP funds and roughly $108 million in Solana products, and it also cut its Ethereum ETF exposure about 70% to roughly $114 million.
- Goldman opened a new position in Hyperliquid Strategies (PURR) worth about $3.3 million and increased holdings in crypto-linked equities such as Circle, Galaxy Digital, and Coinbase.
- Other firms including UBS, Citadel, Millennium, Bank of America, and Jane Street disclosed smaller XRP ETF stakes, while reported XRP ETF assets have slipped from near $1.5 billion to around $1 billion as prices softened and retail still owns most shares.
- Form 13F reports are delayed snapshots that exclude short positions and many derivatives, so they show quarter-end holdings rather than live trades or intent.