Goldman Sachs reveals $2.36 billion in crypto ETF holdings in Q4 2025 filing

Goldman Sachs reported $2.36 billion in cryptocurrency-related holdings in its Form 13F for the fourth quarter of 2025, equal to about 0.33% of its overall equity portfolio. As of December 31, 2025, the exposure came entirely through regulated spot ETFs tied mainly to Bitcoin and Ethereum, supplemented by smaller positions in XRP- and Solana-linked funds. Subsequent market volatility and Bitcoin's drop from $90,000 to as low as $61,000 likely reduced the value of this indirect crypto portfolio, which also carries ETF fees and forgoes on-chain rewards.