Goldman Sachs reports $2.36B in crypto holdings in latest SEC filing

Traders Union
All News
Crypto
Goldman Sachs discloses $2.36B in crypto

Highlights

Goldman Sachs disclosed $2.36 billion in crypto exposure, with $1.1 billion in Bitcoin and $1.0 billion in Ethereum.
The bank reduced its spot Bitcoin ETF holdings by 39.4% and Ethereum ETF shares by 27.2% during a quarter marked by $1.15 billion and $1.46 billion in ETF outflows.
Despite trimming ETF positions amid falling prices, Goldman’s total crypto allocation increased 15% quarter over quarter.

The Wall Street bank reported $2.36 billion in digital asset exposure in its latest Form 13F filing with the U.S. Securities and Exchange Commission, covering positions as of Dec. 31, 2025. The disclosure underscores how traditional financial institutions are navigating crypto volatility through regulated investment vehicles rather than direct token ownership.

Goldman adjusts ETF exposure amid market slide

According to the filing, Goldman held approximately $1.1 billion in Bitcoin and $1.0 billion in Ethereum at year-end. The crypto allocation also included $153 million in XRP and $108 million in Solana, representing about 0.33% of the firm’s $811.1 billion total reported portfolio.

However, the bank reduced its holdings of spot Bitcoin and Ethereum exchange-traded funds during the quarter. Goldman held about 21.2 million shares across various spot Bitcoin ETFs valued at $1.06 billion, a 39.4% decline from the third quarter. Its Ethereum ETF position fell 27.2% to roughly 40.7 million shares worth around $1 billion.

The adjustments came as the broader crypto market weakened. Bitcoin declined from roughly $114,000 at the end of September 2025 to about $88,400 by year-end, while Ether fell from $4,140 to $2,970 over the same period. Spot Bitcoin ETFs recorded $1.15 billion in net outflows in Q4, and Ether ETFs saw $1.46 billion in outflows, according to SoSoValue data.

Ethereum allocation draws attention

Industry observers noted that Goldman’s near-equal weighting between Bitcoin and Ethereum stands out. Moonrock Capital founder Simon Dedic described the allocation as “very interesting,” adding that the firm appeared “significantly more bullish on Ethereum than Bitcoin.” Binance founder Changpeng Zhao pointed out that the filing showed a 15% quarter-over-quarter rise in total crypto exposure.

Goldman’s positions are primarily held through major ETF issuers such as BlackRock’s iShares Bitcoin Trust (IBIT), Fidelity, Grayscale and Bitwise, allowing the bank to maintain crypto exposure within traditional regulatory frameworks.

Stablecoin policy talks add context

The disclosure coincides with a White House meeting on stablecoin yield involving senior policy staff, banking representatives and crypto industry groups. Reports indicate Goldman Sachs has representation at the talks, as policymakers continue evaluating the regulatory landscape for digital assets.

Conclusion

Goldman Sachs disclosed $2.36 billion in crypto exposure, with Bitcoin at $1.1 billion and Ethereum at $1.0 billion. The bank reduced its spot Bitcoin ETF holdings by 39.4% and Ether ETF shares by 27.2% during a quarter marked by ETF outflows and falling prices. Despite trimming ETF positions, its overall crypto allocation rose 15% quarter over quarter, highlighting continued institutional engagement with digital assets.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.