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Goldman Sachs exited $153.8M XRP ETF position, rotating into crypto stocks, revealing Wall Street's crypto strategy.

Market News
30 Jun 2026, 13:49 WIB
Crypto news
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Neutral
Goldman Sachs exited $153.8M XRP ETF position, rotating into crypto stocks, revealing Wall Street's crypto strategy.

Goldman Sachs was initially reported as the largest institutional holder of XRP ETFs with a $153.8 million position, signaling strong institutional interest in XRP. However, a subsequent filing revealed Goldman had completely exited its XRP and Solana ETF holdings, instead increasing investments in crypto-related companies like Circle, Galaxy Digital, and Coinbase by up to 249%. This shift highlights Wall Street's preference for investing in crypto infrastructure companies over direct token holdings, challenging the narrative of broad institutional adoption of XRP. The episode underscores the importance of reading delayed filings carefully and suggests that institutional conviction in XRP remains tentative, with real adoption still dependent on regulatory clarity and sustained interest.

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