Goldman Sachs has made significant strides in diversifying its cryptocurrency investments, reporting approximately $260 million in combined exchange-traded fund holdings related to Solana and XRP by the conclusion of the fourth quarter of 2025. This marks the first time that the bank has disclosed positions in crypto assets other than Bitcoin and Ethereum.
How are Goldman Sachs' XRP Investments Distributed?
Goldman Sachs has strategically balanced its XRP allocations across various issuers, amounting to $152 million. The bank holds notable positions in several ETFs, including 2 million shares of the 21Shares XRP ETF valued at $35.9 million, 1.9 million shares of the Bitwise XRP ETF worth $39.8 million, and similar holdings in the Franklin XRP Trust and Grayscale XRP ETF, each worth $38.4 million and about $37.9 million, respectively.
What About Solana?
In contrast to its XRP distribution, Goldman’s exposure to Solana is more concentrated. The bank has allocated $108 million towards Solana products, primarily investing $45 million in the Bitwise Solana Staking ETF and $35.7 million in the Grayscale Solana Trust ETF. It also holds smaller positions in funds from Fidelity, VanEck, 21Shares, and Franklin Templeton.
Where Does Bitcoin Stand in Goldman’s Portfolio?
Bitcoin continues to be the largest digital asset position for Goldman Sachs, with holdings exceeding $1.1 billion, closely followed by Ethereum at $1 billion. The bank’s total ownership includes over $1 billion worth of shares in the iShares Bitcoin Trust. Additionally, Goldman has a substantial options exposure, with call options linked to around 160 million shares of IBIT and put options that cover approximately 827 million shares.
How Has Goldman Sachs' Attitude Towards Digital Assets Changed?
Goldman Sachs has significantly shifted its perspective on digital assets since 2020 when there was skepticism among executives. The approval of spot Bitcoin ETFs in early 2024 has prompted the bank to start acquiring direct exposure through regulated vehicles. This evolution in strategy underscores the growing significance of cryptocurrencies in mainstream finance.