Goldman Sachs significantly reduced its holdings in spot Bitcoin and Ethereum ETFs during the fourth quarter of 2025, with reductions of 39.4% and 27.2% respectively from the previous quarter. According to the latest 13F filing with the U.S. Securities and Exchange Commission, as of December 31, 2025, Goldman Sachs held approximately 21.2 million shares of spot Bitcoin ETFs valued at $1.06 billion, and about 40.7 million shares of spot Ethereum ETFs worth around $1 billion. Both holdings saw a notable decline compared to the third quarter. In contrast, Goldman Sachs increased its positions in spot XRP and Solana ETFs during the same period. By the end of 2025, the firm held $152.2 million in XRP ETFs and $108.9 million in Solana ETFs, marking a strategic shift in its cryptocurrency investment portfolio.