Goldman Cuts $154M XRP and Solana ETF Stakes, Adds $3.3M Hyperliquid Position
GS•Goldman Sachs eliminated its $154 million XRP and Solana-linked ETF positions in Q1 and cut its iShares Ethereum Trust stake by 70%. The firm trimmed its Bitcoin Trust holdings by about 10% and acquired 654,630 shares of Hyperliquid Strategies, representing a $3.3 million position tied to onchain trading infrastructure.
1. Elimination of XRP and Solana ETF Positions
In its Q1 13F filing, Goldman Sachs reported zero XRP-linked ETF holdings after holding nearly $154 million in the prior quarter and removed all Solana-linked positions, including Grayscale, Bitwise and Fidelity products, signaling a pullback from altcoin ETF exposure.
2. Bitcoin and Ethereum Position Adjustments
Goldman trimmed about 10% from its BlackRock iShares Bitcoin Trust and Fidelity Wise Origin Bitcoin Fund holdings—about $690 million and $25 million respectively—while its iShares Ethereum Trust stake fell roughly 70% to $114 million, underscoring a strategic shift in its crypto allocation.
3. Strategic Stake in Hyperliquid Strategies
The bank acquired 654,630 shares of Hyperliquid Strategies valued at nearly $3.3 million, securing indirect exposure to the Hyperliquid ecosystem through a public-market wrapper and aligning its portfolio with trading infrastructure and onchain derivatives opportunities.
