Goldman Sachs Rebuilds $88M Solana ETF Exposure Amid Quarter-End Rotation
Goldman Sachs' recent Form 13F filing has revealed that the investment bank holds approximately $88.1 million in spot Solana ETFs as of June 30, 2026. This position spans six different Solana ETF products from issuers including Bitwise, Grayscale, and Fidelity, making Goldman the top institutional holder for Solana-linked funds.
The timing of this investment is particularly noteworthy, as Goldman had completely exited its Solana ETF exposure by the end of Q1 2026, selling off roughly $107 million to $108 million in positions it had built up through the end of 2025. Just three months later, the bank re-entered with nearly $88 million.
This quarterly disappearing act may reflect a deliberate tactical rotation or a brief risk-off period followed by renewed conviction. The Solana move wasn't isolated, either - Goldman simultaneously rebuilt its XRP ETF exposure, allocating $86.5 million across five spot XRP ETF products in Q2 after similarly exiting those positions in Q1.
The firm's approach follows a pattern that's become standard among large financial institutions: using regulated ETF wrappers to gain crypto exposure without ever touching the underlying tokens.