Goldman Sachs Trims Nearly 40% of Bitcoin ETF Holdings in Q4, Ups XRP and Solana ETF Holdings

BlockBeats News, February 11th, according to the latest 13F filing submitted to the U.S. SEC, Goldman Sachs significantly reduced its holdings of spot Bitcoin and Ethereum ETFs in the fourth quarter of 2025.

As of December 31, 2025, Goldman Sachs held approximately 21.2 million shares of spot Bitcoin ETF, with a total market value of around $1.06 billion, a 39.4% decrease from the third quarter holding; at the same time, it held approximately 40.7 million shares of spot Ethereum ETF, with a market value of around $1 billion, representing a 27.2% decrease compared to the previous quarter.

Meanwhile, Goldman Sachs established new positions in spot XRP and Solana ETFs during the quarter, holding around $152.2 million worth of XRP ETF and $108.9 million worth of Solana ETF.
This adjustment took place against the backdrop of a broader market downturn in the crypto market.

In the fourth quarter of 2025, the price of Bitcoin fell from around $114,000 at the end of September to around $88,400 at the end of the year; Ethereum, on the other hand, dropped from $4,140 to $2,970. In terms of fund flows, Q4 saw a net outflow of $1.15 billion from spot Bitcoin ETFs and $1.46 billion from spot Ethereum ETFs.