Goldman Sachs Group Inc. (NYSE: A(completely removed from Solana)Sol) Holdings of exchange-traded funds (ETFs) in the first quarter of 2026.
According to the bank’s most recent Form 13F Deposit With an SEC filing on May 15, 2026, the bank reversed its Solana position of approximately $108 million. Over the first three months of 2026, Goldman Sachs exited positions from Grayscale, Bitwise, Fidelity, VanEck, 21Shares and Franklin Templeton, based on analysis conducted by Finbold on May 18.
Goldman Sachs exited the Solana Center alongside it XRP Collectibles, as Finebold I mentioned. However, the bank kept Bitcoin (Bitcoin) and Ethereum (Ethereum), indicating a calculated move to reduce exposure to volatile altcoin risks.
Furthermore, the bank’s Bitcoin ETF exposure was about $715 million, down about 10% from the previous quarter. On the other hand, Goldman Sachs’ Ethereum holdings fell by about 70% from the previous quarter to about $114 million via the BlackRock iShares Ethereum Trust (ETHA).
Solana’s price fell with the exit of Goldman Sachs
Solana price indicated further bearish sentiment as Goldman Sachs liquidated its position. Over the past seven days, SOL’s price has fallen more than 13%, trading at around $84.31 at press time. As such, the coin’s market capitalization has fallen to approximately $48.8 billion.
A sharp reversal from Goldman Sachs SOL’s position during the first quarter of 2026 could indicate reduced demand from institutional investors. Moreover, this altcoin remained trapped in selling pressure for several months despite the growth of its ecosystem in the first quarter, as Finebold previously said. He explained.
As such, if Goldman Sachs leads other institutional investors in accumulating SOL over the next few months, a potential reversal from the overall bear market is possible. However, if the selling pressure continues, the altcoin could see more bearish sentiment.
