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    Goldman Sachs Dumps XRP, Solana ETFs for Hyperliquid

    Olu AnisereBy No Comments2 Mins Read
    Goldman Sachs Dumps XRP, Solana ETFs for Hyperliquid

    Goldman Sachs Dumps XRP, Solana ETFs for Hyperliquid

    Goldman Sachs has completed its exit from positions in XRP and Solana exchange-traded funds (ETFs), according to its Q1 2026 13F filing with the U.S. Securities and Exchange Commission.

    The bank no longer holds any XRP or Solana (SOL) ETF positions, which were valued at nearly $154 million in its Q4 2025 filing. These holdings included ETFs from Bitwise, Franklin Templeton, Grayscale, and 21Shares.

    In addition to exiting these specific positions, Goldman Sachs has reduced its exposure to Bitcoin and Ethereum ETFs. However, the firm continues to hold more than $700 million in Bitcoin ETFs and approximately $114 million in Ethereum ETFs.

    The recent sell-off by Goldman Sachs occurred amid a downturn in the cryptocurrency markets. Bitcoin dipped to around $62,000 in February, with other tokens also declining as macroeconomic and geopolitical tensions heightened volatility.

    These market pressures, along with the firm’s need to rebalance its portfolio, likely contributed to the decision to liquidate its XRP and SOL ETF positions.

    Following these transactions, Goldman purchased 654,630 shares of Hyperliquid Strategies Inc. (ticker: PURR), an investment valued at about $3.3 million.

    This purchase took place shortly after Hyperliquid ETFs launched in the U.S., suggesting the bank is reallocating capital into newly available products.

    The market reacted quickly to these developments. Hyperliquid’s token, HYPE, has seen notable gains, with analysts attributing the rise to increased investor interest.

    Goldman Sachs’ latest 13F filing indicates a strategy of selective trimming and redeployment, rather than a complete withdrawal from the cryptocurrency sector.

    While the bank has reduced certain exposures, it continues to hold significant positions in Bitcoin and Ethereum ETFs and has taken a timely position in Hyperliquid-linked shares.

    For investors, these moves highlight ongoing institutional interest in crypto ETFs and the potential for rapid portfolio rotation in response to changing market conditions. XRP Bottoms Out as Goldman Sachs Exits ETF Exposure

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    Olu Anisere is a financial and economic journalist at MarketForces Africa, specialising in African macroeconomic policy, international finance, energy markets, and continental development.He covers major multilateral institutions, including the International Monetary Fund (IMF), World Bank, and the United Nations Economic Commission for Africa (ECA), providing readers with frontline reporting on policies shaping Africa's economic trajectory.Olu has reported extensively on Nigeria's fiscal and monetary policy landscape, including CBN interest rate decisions, Nigeria's bond market, FX inflows, and the country's engagement with global financial institutions.His coverage spans IMF and World Bank Spring and Annual Meetings, African Ministers of Finance conferences, and high-level economic forums where Africa's development agenda is set.His reporting captures perspectives from Africa's most influential economic voices, including Tony Elumelu, senior IMF officials, and CBN leadership, bringing institutional insight and policy depth to MarketForces Africa's readers.Olu also covers Inside Africa — tracking economic, investment, and development stories from across the continent. Olu Anisere is based in Lagos, Nigeria.

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