Goldman Sachs Adjusts Crypto ETF Holdings, Exits XRP and Solana
- Goldman Sachs fully exited its XRP-linked ETFs, removing $154 million worth of holdings by Q1.
- The firm also exited all Solana-linked ETF positions by the first quarter of the year.
- Goldman reduced its Ethereum ETF exposure by about 70%, bringing it down to $114 million.
- A new position was opened in Hyperliquid Strategies (PURR), with an acquisition of approximately $3.3 million worth of shares.
- The bank increased its positions in crypto-linked equities like Circle, Galaxy, and Coinbase.
Goldman Sachs has restructured its cryptocurrency investments by exiting XRP and Solana ETFs while significantly reducing Ethereum exposure. The firm continues to hold substantial Bitcoin ETFs and has diversified into Hyperliquid and other crypto-linked equities for broader market engagement.
This strategic shift underscores Goldman’s evolving approach to the cryptocurrency market, focusing on diversification and risk management within their portfolio strategy.(Source)
