- Goldman Sachs disclosed $2.36 billion in crypto publicity, representing 0.33% of its portfolio.
- Bitcoin and Ethereum account for $2.1 billion of complete allocations by way of spot ETFs.
- The financial institution added $153 million in XRP and $108 million in Solana ETFs in This autumn 2025.
Goldman Sachs disclosed $2.36 billion in crypto publicity in its fourth quarter 2025 Type 13F submitting with the U.S. Securities and Trade Fee (SEC). This allocation represents 0.33% of the reported funding portfolio.
Particularly, the corporate holds $1.1 billion in Bitcoin, $1 billion in Ethereum, $153 million in XRP, and $108 million in Solana. All publicity is thru exchange-traded funds quite than direct custody of tokens.
Goldman has roughly $3.6 trillion in property underneath its supervision as of early 2026. Even at 0.33%, that will make it one of many largest crypto exposures amongst main U.S. banks.
Changpeng Zhao identified that regardless of market volatility, the submitting exhibits that complete crypto publicity has elevated by 15% quarter-on-quarter.
Bitcoin standing and market affect
As of December 31, 2025, Goldman held 21.2 million shares within the Bitcoin Spot ETF, value roughly $1.06 billion. Based mostly on This autumn filings, Goldman’s oblique publicity by way of spot ETFs is equal to roughly 13,741 BTC.
The submitting additionally exhibits about $35.8 million in Constancy’s WiseOrigin Bitcoin Fund, about $92,000 in U.S. Bitcoin and about $57,000 in Bitcoin Depot and different associated firms. The financial institution additionally held lots of of hundreds of {dollars} value of IBIT name and put choices.
The variety of shares decreased by 39.4% from the earlier quarter. The lower got here amid a broader market decline within the fourth quarter.
Bitcoin fell from round $114,000 on the finish of September 2025 to round $88,400 on the finish of the yr. Throughout the identical interval, the Spot Bitcoin ETF recorded quarterly outflows of $1.15 billion.
Ethereum allocation
Goldman held 40.7 million shares of the Spot Ethereum ETF on the finish of the fourth quarter, value about $1 billion. This represents a 27.2% lower within the variety of shares in comparison with the earlier quarter.
Ether fell from round $4,140 on the finish of September 2025 to $2,970 by the tip of the yr. The Spot Ether ETF recorded web outflows of $1.46 billion within the fourth quarter.
Regardless of the drop in fairness, Ethereum stays the second-largest cryptocurrency publicity on Goldman’s books.
XRP and Solana added
Goldman added Spot XRP and Solana ETF positions for the primary time in This autumn 2025. XRP publicity totals roughly $152 million to $153 million. Holdings embody $36 million in 21Shares XRP ETF, $40 million in Bitwise XRP ETF, $38 million in Franklin XRP Belief, and $38 million in Grayscale XRP ETF.
The US Spot XRP ETF at present has complete web property of over $1.04 billion. Solana’s complete publicity is roughly $108 million to $109 million. Key positions embody $45 million within the Bitwise Solana Staking ETF and $36 million within the Grayscale Solana Belief, with the remaining roughly $27-28 million allotted throughout ETFs linked to Solana.
Associated: Goldman expands give attention to cryptocurrencies, tokenization and prediction markets
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