Goldman Sachs sells its entire SOL ETF position — $108 million out
Goldman Sachs has unwound its entire $108 million Solana ETF holding and also sold off its XRP ETF positions. SOL fell to $62 — its low for the year — the same day 624,666 tokens unlocked.
Goldman Sachs confirmed in its Q1 2026 13F filing with the SEC that the bank has unwound its entire SOL ETF exposure, worth $108 million. The bank simultaneously sold off its XRP ETF positions, but kept its Bitcoin ETF holdings, estimated at $700 million.
The timing coincided with heavy pressure on the market. SOL fell 13% in seven days and traded at $62 on June 7 — its lowest level of 2026. Spot Solana ETFs reported $12.74 million in net outflows that week, and 624,666 SOL tokens unlocked on June 7, adding further selling pressure to the market.
Goldman Sachs appears to treat altcoin products as short-term positions rather than long-term holdings — unlike Bitcoin, which the bank continues to hold. It sends a clear signal about how the big institutions rank crypto assets relative to one another.
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