In line with Goldman Sachs’ Q1 2026 13F submitting with the SEC, the monetary establishment offered all of its holdings within the XRP and Solana ETFs (SOL). In its This autumn 2025 submitting, the financial institution reported practically $154 million in XRP ETFs. These ETFs have been from Bitwise, Franklin Templeton, Grayscale and 21Shares. Moreover, Goldman Sachs additionally diminished its publicity to Bitcoin (BTC) and Ethereum (ETH) ETFs. Nevertheless, the corporate nonetheless owns greater than $700 million in BTC ETFs and $114 million in ETH ETFs.
Why did Goldman Sachs promote its holdings in XRP and Solana ETFs?
Goldman Sachs’ transfer within the first quarter coincides with the affect of the cryptocurrency market. Bitcoin (BTC) fell to the $62,000 mark in February, and most different property adopted swimsuit. Moreover, macroeconomic and geopolitical tensions have been fairly excessive. The transfer could have prompted Goldman Sachs to liquidate its holdings in XRP and SOL ETF.
Nevertheless, the financial institution seems to have opened a brand new place in one other cryptocurrency. Goldman Sachs’ 13F submitting reveals that the agency has a place in corporations associated to Hyperliquid. The submitting reveals that the financial institution has bought 654,630 shares of Hyperliquid Methods Inc. (PURR), price about $3.3 million. The transfer reportedly got here days after Hyperliquid ETFs made their debut within the US.
Hyperliquid (HYPE) is seeing an enormous worth surge after Goldman Sachs’ 13F submitting. In line with information from CoinGecko, HYPE is up 1.5% within the final 24 hours, 19.3% within the final week, 9.4% on the 14-day charts, 16.5% from the earlier month, and nearly 81% since Could 2025.
HYPE’s rally comes amid a bigger market-wide correction. XRP, however, has fallen 6.4% on the weekly charts. The sharp correction might be because of Goldman Sachs exiting its place within the XRP ETF and in addition as a result of general bearish pattern out there.
