Goldman Sachs has completely exited its positions in several exchange-traded funds (ETFs) focused on cryptocurrencies amid the moderate performance of these products. The filing shows that Goldman Sachs liquidated its stakes in multiple XRP-linked ETFs after previously holding products worth approximately $154 million in Q4 2025. At that time, the bank was among the largest institutional holders of XRP-related ETFs. They also exited their positions in investment products related to Solana, including the Grayscale Solana Trust ETF, Bitwise Solana Staking ETF, and Fidelity Solana Fund, marking a broad withdrawal from crypto ETF exposure. Despite the reduction in XRP and Solana holdings, the bank continues to maintain significant exposure to Bitcoin (BTC) ETFs. They still hold approximately $690 million in BlackRock's IBIT and around $25 million in Fidelity Investments' FBTC, although both positions decreased by about 10% from the previous quarter. The filing also revealed a significant reduction in Ethereum (ETH) ETF exposure. Goldman Sachs cut its holdings in BlackRock's ETHA ETF by approximately 70%, leaving around 7.2 million shares valued at about $114 million. The bank increased its investments in crypto-related stocks, adding positions in Circle Internet Group, Galaxy Digital, Coinbase, Robinhood Markets, and PayPal. They reduced stakes in cryptocurrency mining and infrastructure companies, including Strategy, Bit Digital, Riot Platforms, and IREN.