Banking behemoth Goldman Sachs Group, Inc. (NYSE:GS) sold all its Solana (CRYPTO: SOL) and XRP (CRYPTO: ETF) exchange-traded fund holdings in the first quarter, according to its latest 13F filing released Friday.
Major Altcoin Positions Dumped
Goldman Sachs liquidated its position in Bitwise XRP ETF (NYSE:XRP), Franklin XRP ETF (NYSE:XRPZ), 21Shares XRP ETF (BATS:TOXR) and Grayscale XRP Trust ETF (NYSE:GXRP), all of which it had acquired only in the previous quarter.
The firm also dumped the entirety of its holdings in Bitwise Solana Staking ETF (NYSE:BSOL), Fidelity Solana Fund (NYSE:FSOL), Grayscale Solana Trust ETF (NYSE:GSOL), VanEck Solana ETF (NASDAQ:VSOL), Franklin Solana ETF (NYSE:SOEZ), and 21Shares Solana ETF (BATS:TSOL).
Goldman Sachs Rejigs Bitcoin, Ethereum Exposure
Goldman Sachs maintained its exposure to Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH), though with significantly reduced stakes.
It reported holding 17.985 million shares of the iShares Bitcoin Trust ETF (NASDAQ:IBIT) as of March 31, down from 20.685 million in the previous quarter. The stake was worth $690.98 million based on IBIT's price of $38.42 on March 31.
Similarly, its position in the Fidelity Wise Origin Bitcoin Fund (BATS:FBTC) was trimmed from 469.940 shares to 426,555 shares, worth $25.17 million.
Goldman Sachs also reshuffled its Ethereum holdings, reducing its stake in the iShares Ethereum Trust ETF (NASDAQ:ETHA) by nearly 70% to $114.19 million, while opening a new $66.89 million position in the iShares Staked Ethereum Trust ETF (NASDAQ:ETHB).
| Goldman Sachs’ Cryptocurrency ETF Positions | Total Stake As Of March 31 |
|---|---|
| Bitcoin | $716.15 million |
| Ethereum |
$181.08 million |
| XRP | 0 |
| Solana | 0 |
Price Action: Goldman Sachs shares fell 0.25% in after-hours trading after closing 0.22% lower at $946.36 during Monday’s regular trading session. Year-to-date, the stock has gained 7.66%.
The stock maintains a stronger price trend over the short, medium, and long terms, with a higher Momentum ranking, according to Benzinga’s Edge Stock Rankings.
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