Goldman Sachs Boosts Bitcoin ETF Holdings to $700M, Exits XRP and Solana

Goldman Sachs concentrated $700 million in Bitcoin ETFs during Q1 2026 while fully exiting XRP and Solana ETF positions and trimming Ethereum funds. This shift follows Intesa Sanpaolo’s earlier move to double its crypto ETF holdings to $235 million from $100 million, adding Bitcoin, Ether and XRP exposure through regulated products such as BlackRock and Grayscale trusts. The developments highlight a broader institutional preference for Bitcoin-centric, compliance-friendly vehicles over direct mid-cap token ownership, supporting Bitcoin demand while pressuring Solana and XRP sentiment.