Goldman Sachs cuts crypto ETF holdings

Goldman Sachs’ latest public securities filing, not the May 18 X post that amplified it, is the document investors can actually verify. A Form 13F filed with the U.S. Securities and Exchange Commission on May 15 shows Goldman Sachs’ reported U.S.-listed holdings as of March 31, 2026. (sec.gov) In that filing, the bank no longer reported XRP- or Solana-linked ETF positions that had appeared in earlier disclosures, while still holding sizable Bitcoin and Ether ETF stakes. The filing does not say Goldman “sold from its $3.7 trillion portfolio,” and it does not describe motive. Form 13F is a quarterly snapshot of certain reportable holdings, not a real-time trade blotter, and it arrives weeks after the quarter ends. (sec.gov) That means the clearest verified point is narrower than the social-media claim: Goldman’s March 31 filing showed no reported XRP or Solana ETF exposure and smaller reported positions in some Bitcoin and Ether funds than in the prior quarter. ### What did Goldman Sachs actually disclose? Goldman Sachs’ May 15 filing covered the quarter ended March 31, 2026. (sec.gov) Cointelegraph, citing the filing, reported that no XRP-linked ETFs appeared in Goldman’s first-quarter 13F after the bank had disclosed nearly $154 million of XRP-related ETF holdings in its fourth-quarter 2025 filing. The same report said Goldman also no longer reported Solana-linked ETF holdings. The same filing still showed large Bitcoin and Ether ETF positions. Cointelegraph reported Goldman held about $690 million of BlackRock’s iShares Bitcoin Trust and about $25 million of Fidelity’s Wise Origin Bitcoin Fund, after reducing both by roughly 10% in the quarter, and cut its iShares Ethereum Trust position by about 70%, leaving roughly $114 million. (sec.gov) ### Does this prove Goldman dumped crypto exposure? Form 13F rules are the first constraint here. The SEC says Form 13F is a holdings report for institutional managers and is designed to disclose certain equity holdings; it is not a full picture of every asset, liability, hedge or intraperiod trade. (sec.gov) A manager can cut a position, move exposure into another instrument, or hold assets that do not appear the same way in a 13F. March 31 is the second constraint. The filing shows what Goldman reported holding at quarter-end, not necessarily every trade made during January, February or March, and not anything that happened after March 31. (cointelegraph.com) So the verified takeaway is about quarter-end positioning, not a same-day May 18 portfolio decision. ### Where did the “100% sold” claim come from? An X post on May 18 summarized the filing as Goldman having sold 100% of its XRP and Solana ETF holdings, cut Ethereum ETF exposure by 70% and trimmed Bitcoin ETF exposure by 10%. Those percentage claims broadly match figures later reported by crypto-focused outlets that reviewed the filing, but the social post did not provide independent confirmation beyond the filing-based interpretation. (sec.gov) The phrase “from a $3.7 trillion portfolio” needs care. Goldman Sachs is a $3.7 trillion-asset firm by broad balance-sheet measures in some contexts, but the 13F filing itself is a separate disclosure framework and the filing page for this report does not characterize the crypto ETF changes that way. (sec.gov) Goldman’s reported 13F holdings value for Q1 2026 was about $871 billion, according to a third-party 13F tracker summarizing the SEC filing. ### What else changed alongside the ETF cuts? Cointelegraph reported Goldman increased some crypto-linked equity positions while cutting parts of its ETF exposure. (cointelegraph.com) The report said the bank raised stakes in Circle, Galaxy Digital, Coinbase, Robinhood and PayPal during the quarter, while reducing some mining and infrastructure names including Riot Platforms and Bit Digital. That means the filing points to a rebalancing inside digital-asset-related exposure, not a verified full exit from the sector. The filing supports that narrower description because Bitcoin and Ether ETF positions remained on the books as of March 31. (13f.info) ### When will investors get the next hard update? The SEC filing timetable points to the next checkpoint in mid-August 2026. Form 13F reports are filed quarterly after quarter-end, so Goldman’s next required disclosure should cover holdings as of June 30, 2026. Until then, any claim about further buying or selling would need to come from Goldman directly or from another regulatory filing. (cointelegraph.com) (sec.gov)