Goldman Sachs has quietly exited its XRP ETF exposure, reducing a position once valued at $154 million to zero in the first quarter of 2026. The move has become a major talking point in the XRP community, as the bank was previously one of the largest institutional holders of XRP-linked ETF products.
Goldman Sachs entered the XRP ETF market in late 2025 with more conviction than any other Wall Street institution. By Q4 2025, the bank had accumulated about $154 million in XRP ETF exposure across products from Bitwise, Grayscale, Franklin Templeton, and 21Shares, holding nearly 73% of all known institutional XRP ETF investments.
However, the latest Form 13F filing showed no XRP-linked ETF holdings at the end of Q1 2026. The liquidation was part of a broader portfolio reset. Goldman also closed its Solana ETF exposure, reduced Ethereum ETF holdings by about 70%, and trimmed Bitcoin ETF holdings, though it still holds a much larger Bitcoin ETF position near $700 million.
Despite the sale, the market absorbed the selling pressure without breaking. Spot XRP ETFs recorded their strongest weekly inflow since January, with cumulative inflows reaching about $1.39 billion. Assuming the selloff occurred in the same week, total buying demand would have had to exceed $214 million to absorb Goldman's exit and still leave the market positive.
This suggests sustained demand for XRP, giving holders a stronger reason to remain confident despite the exit.