Goldman Sachs Sells Out of XRP ETF Position; Inflows Suggest Market Easily Absorbed the Supply

Goldman Sachs has eliminated its exposure to XRP-linked ETFs, taking a stake previously estimated at about $154 million to zero in the first quarter of 2026, according to its latest disclosure. The bank had built the position in late 2025, holding XRP ETF exposure across products from Bitwise, Grayscale, Franklin Templeton and 21Shares. By the end of Q4 2025, that basket totaled roughly $154 million and represented nearly 73% of all disclosed institutional XRP ETF investments at the time. Goldman's Form 13F, filed with the SEC in mid-May, showed no XRP-related ETF holdings as of the end of Q1 2026. The filing also pointed to a broader portfolio reset: the firm exited Solana ETF exposure, cut its Ethereum ETF holdings by about 70%, and reduced part of its Bitcoin ETF exposure. It still held a much larger Bitcoin ETF position of around $700 million. Market watchers argue the key development was not the exit itself but the market's ability to digest it. Commentator X Finance Bull noted on X that spot XRP ETFs still posted $60.5 million in weekly net inflows during the week the news circulated, indicating fresh demand was strong enough to offset Goldman's selling. Spot XRP ETFs also recorded their strongest weekly inflow since January, lifting cumulative inflows to about $1.39 billion. If Goldman's entire $154 million reduction occurred in that same week, total buying would have needed to exceed $214 million to both absorb the sale and keep net flows positive. The figures suggest that selling pressure from a major institution was not only absorbed but surpassed by new purchases, supporting the view that demand for XRP-related ETF exposure remains resilient even after Goldman's exit.