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The American investment bank Goldman Sachs has reduced its stake in major cryptocurrency exchange-traded funds (ETFs). This is indicated in the bank’s financial report for the period of October to December, submitted to the U.S. Securities and Exchange Commission (SEC).
The document states that the investment giant gains indirect exposure to cryptocurrencies through regulated ETFs: BlackRock’s iShares Bitcoin Trust and Fidelity’s Wise Origin Bitcoin ETF. Currently, Goldman Sachs manages cryptocurrency-related assets totaling over $2.36 billion. Within the bank’s portfolio, spot bitcoin ETFs account for $1.06 billion, while spot ETFs linked to Ethereum exceed $1 billion. Compared to the third quarter of the previous year, their share in the fourth quarter decreased by 39.4% and 27.2%, respectively.
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However, in the last quarter of 2025, Goldman Sachs increased its positions in ETFs for XRP and SOL, raising its stakes in these funds to $152.2 million and $108 million, respectively, by the end of the year. The largest portion of Goldman Sachs’ crypto assets is in bitcoin ETFs, which represent over 45% of the total volume. Overall, the investment bank manages assets exceeding $3.5 trillion, with cryptocurrency assets comprising only 0.33% of its portfolio.
In the final months of the previous year, the cryptocurrency market faced challenges: by year-end, bitcoin had dropped to $88,400, while Ethereum fell to $2,970. The market downturn affected cryptocurrency ETFs. In November, the net outflow of capital from spot bitcoin ETFs in the U.S. reached $3.48 billion, marking a new record low over nine months, according to analysts at SoSoValue.
Previously, Goldman Sachs, along with other major global banks, began exploring the possibility of launching its own stablecoin, aimed at the currencies of the G7 countries, which include the U.S., Canada, France, Germany, Italy, Japan, and the United Kingdom.
