Goldman Sachs sells its XRP and Solana ETFs – Why?

Goldman Sachs Q1 2026 13F filing The financial institution sold its entire holdings of XRP ETFs and Solana ETFs to the SEC. The bank’s Q4 2025 report showed that it held XRP ETFs worth nearly $154,000,000. Bitwise ETFs, Franklin Templeton Grayscale and 21Shares are the providers of these ETFs. Goldman Sachs has also decreased its exposure to Bitcoin (BTC), Ethereum (ETH), and other ETFs. Goldman Sachs still has BTC ETFs worth more than $700m and ETH ETFs worth $114m.

Why did Goldman Sachs sell its XRP ETF and Solana ETF Holdings?

Goldman Sachs’ Q1 action coincides with a crypto market that is taking a big hit. Bitcoin (BTC), which was trading at $62,000, followed suit in February. In addition, geopolitical and macroeconomic tensions were high. This move could have prompted Goldman Sachs’ liquidation of its XRP ETF and SOL ETF.

The bank appears to have taken a position in a different cryptocurrency. Goldman Sachs 13F shows the company has positions in Hyperliquid related firms. The filing shows the bank purchased 654 630 shares of Hyperliquid Strategy Inc. (PURR), valued at around $3.3 Million. The move was reported to have taken place just days after Hyperliquid ETFs debuted in the US.

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After Goldman Sachs filed its 13F, Hyperliquid’s (HYPE), price has risen dramatically. According to CoinGecko data, HYPE has rallied by 1.5% in the last 24 hoursIn the last seven days, the chart has risen by 19.3%, the charts have climbed by 9.4%, the month-to-date graph is up 16.5%, and the year to date, the chart has jumped nearly 81%.

HYPE rallies come amid a broader market correction. On the contrary, the weekly charts of XRP show a drop of 6.4%. Goldman Sachs could be responsible for the steep correction, but also because of overall market negativity.