Goldman Sachs’ Investments in Cryptocurrency
Goldman Sachs has made significant investments exceeding $250 million in the cryptocurrency sector, specifically focusing on XRP and Solana. According to its most recent 13F filing with the Securities and Exchange Commission (SEC), the financial institution has reported holding $152 million in XRP ETFs as well as $108 million in Solana (SOL) ETFs.
Recent Developments and Discussions
In a noteworthy development, executives from Goldman Sachs were observed in discussions at the White House regarding the future of stablecoin yields this past Tuesday, with Ripple executive Stuart Alderoty also in attendance. Looking ahead, Goldman’s CEO David Solomon is set to address attendees at the World Liberty Financial Forum in Palm Beach next week.
Investment Breakdown
The SEC filing, which relates to the fourth quarter of 2025, indicates that Goldman Sachs’s investments in XRP and Solana are made solely through U.S. spot ETFs rather than through direct acquisitions of the cryptocurrencies themselves. Their investment in XRP is diversified among several funds, including:
- $39.8 million in the Bitwise XRP ETF
- $38.5 million in the Franklin XRP Trust
- $38.0 million in the Grayscale XRP Trust
- $35.9 million in the 21Shares XRP ETF
In addition to this, the allocation of $108 million toward Solana consists mainly of:
- $45.4 million in the Bitwise Solana ETF
- $35.7 million in the Grayscale Solana Trust
Notably, this shift into XRP and Solana is likely partially financed by a strategic reduction of about 40% in their spot Bitcoin ETF holdings during the same quarter. Despite this decrease, Goldman Sachs continues to maintain substantial investments, with $1.1 billion in Bitcoin and $1 billion in Ethereum. These recent moves suggest that analysts at Goldman Sachs are identifying greater growth potential in alternative cryptocurrencies with practical use cases.
