Goldman Sachs Sells Out of $154M in XRP ETFs, Flows Stay Positive on Fresh Demand

Goldman Sachs has quietly unwound its entire XRP ETF stake, and the market has taken it in stride. A Form 13F filed with the U.S. Securities and Exchange Commission in mid-May shows the bank eliminated roughly $154 million in XRP-linked ETF exposure by the end of March 2026. Goldman entered the XRP ETF space in late 2025 and had spread its holdings across products from Bitwise, Grayscale, Franklin Templeton and 21Shares. At its high point, the position represented nearly 73% of all disclosed institutional XRP ETF holdings. The exit came as part of a wider portfolio reshuffle. The same filing indicates Goldman also closed its Solana ETF exposure, cut Ethereum ETF holdings by about 70%, and reduced select Bitcoin ETF positions, while still holding roughly $700 million in Bitcoin ETFs. What stood out was the lack of disruption in XRP ETF flows. Crypto commentator X Finance Bull noted that if Goldman sold about $154 million and the category still recorded $60.5 million in weekly net inflows during the same week, buyers likely absorbed more than $214 million in total to offset the selling and keep the week in the green. Rather than triggering a pullback, XRP spot ETFs posted their strongest weekly inflow since January, pushing cumulative inflows to about $1.39 billion. The takeaway: large institutional selling only becomes destabilizing when there is not enough demand to meet it. In this case, Goldman and other sellers were met with sufficient buying interest to absorb the supply and still add net new inflows, pointing to continued institutional and retail appetite for XRP-linked ETFs. Caveat: 13F filings are backward-looking and do not reflect intra-quarter activity, derivatives, or non-reportable positions, so they do not provide a complete real-time picture. Even so, the market's ability to digest Goldman's exit offers a near-term read on demand in the XRP ETF market.