Goldman cuts Solana & XRP ETF holdings as flows stay mixed
Goldman Sachs has stopped reporting its Solana (SOL) and XRP ETF holdings, a move that crypto analysts frame as a selective “conviction statement” rather than a broad bearish signal. Traders should note that Goldman kept exposure to Bitcoin (BTC) and Ethereum (ETH), even as it reduced risk during a weaker market.
For XRP, Goldman still showed roughly $153M across four XRP-related ETF products. For Solana, its reported SOL ETF exposure totaled over $100M across SOL funds. Even so, the broader context remains fragile: XRP is down more than 26% year-to-date and SOL down over 30%, while BTC and ETH are also still under pressure.
Separately, another analyst argues XRP ETF flows remain positive despite Goldman’s exit, suggesting institutional demand is distributed rather than concentrated. Cited data shows BTC and ETH ETFs seeing large outflows in the same period, while XRP ETFs gained about $100M and Solana ETFs recorded inflows around $103M.
Bottom line for traders: Goldman’s Solana and XRP ETF reductions point to caution, but continued (though uneven) XRP and SOL inflows argue against a clean risk-off move. Watch whether ETF flow momentum can offset the market’s wider downtrend for SOL and XRP.
Neutral
Goldman Sachs’ move to stop reporting Solana and XRP ETF exposure is a cautionary signal that can weigh on near-term sentiment for SOL and XRP. However, the same articles highlight that XRP and SOL still attracted net inflows during the period, suggesting institutional demand exists even if Goldman reduced/shifted reported positions. With prices already weak (SOL and XRP down sharply year-to-date) but flow data mixed, the net effect on SOL and XRP price action is likely mixed rather than one-sided—hence neutral.