Goldman Sachs holds $88M in spot Solana ETFs, tops institutional list

Goldman Sachs disclosed approximately $88.1 million in spot Solana ETF holdings as of June 30, 2026, according to its latest Form 13F filing with the SEC. The position spans six different Solana ETF products from issuers including Bitwise, Grayscale, and Fidelity, placing the investment bank at the top of the institutional holder list for Solana-linked funds. What makes this interesting isn’t the size of the bet. It’s the timing. Goldman had completely zeroed out its Solana ETF exposure by the end of Q1 2026, selling off roughly $107 million to $108 million in positions it had built up through the end of 2025. Three months later, it was back in with nearly $88 million. The quarterly disappearing act Form 13F filings capture a snapshot of institutional equity holdings at the end of each quarter, not intra-quarter trading activity. So Goldman’s exit in Q1 and re-entry in Q2 could reflect anything from a deliberate tactical rotation to a brief risk-off period followed by renewed conviction. The Solana move wasn’t isolated, either. Goldman simultaneously rebuilt its XRP ETF exposure, allocating $86.5 million across five spot XRP ETF products in Q2 after similarly exiting those position...