Hassan Maishera
TL;DR
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Goldman Sachs has cut its Bitcoin ETF holdings by 40% during the previous quarter.
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The bank disclosed that it held $1.06 billion in spot bitcoin ETFs and about $1 billion in spot Ethereum ETFs as of the end of last year.
Goldman Sachs Reduces its Exposure to Bitcoin ETFs
Investment banking giant Goldman Sachs has reduced its holdings of spot bitcoin and ether exchange-traded funds in the fourth quarter of 2025. This is according to the bank’s latest filings with the U.S. Securities and Exchange Commission.
According to its Form 13F, as of Dec. 31, 2025, Goldman Sachs held about 21.2 million shares across various spot bitcoin ETFs, a 39.4% decline in share holdings compared with the third quarter.
Goldman Sachs also held roughly 40.7 million shares of spot Ethereum ETFs, valued at about $1 billion, in the last quarter, representing a 27.2% drop in shares from the third quarter of 2025.
However, Goldman Sachs added positions in spot XRP and Solana ETFs that launched during the quarter. It holds $152.2 million in spot XRP ETFs and $108.9 million worth of spot Solana ETFs at the end of last year.
The investment banking giant reduced its exposure to Bitcoin ETFs amid a broader crypto market decline in the fourth quarter, with Bitcoin falling from about $114,000 at the end of September 2025 to around $88,400 by year-end.
Ether, the second-largest cryptocurrency by market cap, also dropped to $2,970 at the end of last year from $4,140 at the end of September.
