Goldman Sachs Reveals $2.3 Billion Crypto Investment, Including Bitcoin and XRP

Goldman Sachs disclosed more than $2.36 billion in crypto exposure in its Q4 2025 13F filing. The filing lists $1.1 billion in Bitcoin, $1.0 billion in Ethereum, about $152 million in XRP and $108 million in Solana, representing roughly 0.33% of its reported investment portfolio.

The bank’s XRP exposure is held via XRP exchange-traded funds, reflecting regulated, market-based exposure rather than direct token custody. US spot XRP ETFs currently hold over $1.04 billion in total net assets; they have been trading for 56 days and recorded only four days of outflow.

Goldman’s public stance on Bitcoin was skeptical before 2020, with executives and research teams describing it as speculative and highlighting volatility and regulatory risk. That position began to soften after 2020: the firm restarted a crypto trading desk, expanded derivatives access and produced research that acknowledged Bitcoin’s potential as an inflation hedge while stopping short of endorsing it as a core asset class.

United States

goldman sachs, bitcoin, ethereum, xrp, solana, 13f filing, crypto exposure, spot etfs, crypto trading, derivatives access