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Goldman Sachs has completely zeroed out its exposure to U.S. spot XRP ETFs. According to a fresh quarterly 13F filing submitted to the SEC, the Wall Street giant locked in profits and closed a position worth around $154 million, which had previously been distributed across funds from Bitwise, Grayscale, Franklin Templeton and 21Shares.
Yes, Goldman Sachs - or more precisely, its clients - completed the exit back in Q1 2026, but already in April and May, U.S. spot XRP ETFs have continued to post stable inflows of new capital, fully absorbing the departure of a key holder.
According to the latest SoSoValue statistics, net inflows into XRP ETFs reached $60.49 million over the past week alone, including $10.87 million during the latest reporting day. Since the beginning of April, that figure has climbed to $176.3 million.
Moreover, total net assets under management across the funds have reached $1.18 billion, controlling 1.33% of XRP's total market capitalization while the token trades at $1.43.
Such sector autonomy proves that Goldman Sachs' position was purely technical in nature, while the stabilization of organic demand allowed the bank to exit the trade without damaging XRP price action.
Inside Goldman Sachs' new crypto strategy
The XRP liquidation became part of a broader digital portfolio rebalance carried out by the bank during the first quarter, as institutional capital rotated into a new strategic direction:
- Capitulation in Solana: The bank completely closed all positions in SOL ETFs.
- Ethereum reduction: Exposure to spot ETH ETFs was cut by 70%, down to $114 million.
- Commitment to Bitcoin: Goldman Sachs retained its flagship allocation, continuing to hold more than $700 million in Bitcoin ETFs.
- Exposure to Hyperliquid: Freed-up capital was redirected into crypto infrastructure equities as the bank initiated a new position in 654,630 shares of Hyperliquid Strategies Inc. (PURR) worth $3.33 million. The entity itself holds approximately 20 million HYPE tokens.
It seems that Wall Street no longer wants to absorb the direct regulatory and network risks associated with "pure" spot altcoins, instead preferring to gain exposure through crypto infrastructure equities. While Goldman Sachs rotates into conservative corporate securities, XRP ETFs are successfully proving that the sector has outgrown dependence on any single banking player.
Dan Burgin
