Goldman Sachs significantly reduced its holdings in Bitcoin and ether exchange-traded funds (ETFs) by 40% in the fourth quarter of 2025, as revealed in its latest filings with the U.S. Securities and Exchange Commission. By December 31, 2025, the firm held approximately 21.2 million shares of spot bitcoin ETFs, valued at $1.06 billion, representing a 39.4% decrease from the previous quarter. This reduction aligns with a broader downturn in the cryptocurrency market, which saw bitcoin’s price drop from about $114,000 to roughly $88,400 during the same period, contributing to substantial net outflows from spot bitcoin and ether ETFs. Despite this sell-off, Goldman Sachs also invested in newly launched spot XRP and Solana ETFs in Q4 2025.
Goldman Sachs cuts bitcoin and ether ETF holdings by 40% in Q4 2025
