Goldman Sachs cuts bitcoin ETF holdings by 40% in Q4
Goldman Sachs reduced its holdings of spot bitcoin and ether exchange-traded funds in the fourth quarter of 2025, according to its latest filings with the U.S. Securities and Exchange Commission.
As of Dec. 31, 2025, Goldman Sachs held about 21.2 million shares across various spot bitcoin ETFs, with a combined value of $1.06 billion, according to its Form 13F filed Tuesday. That marked a 39.4% decline in share holdings compared with the third quarter.
The firm also held roughly 40.7 million shares of spot Ethereum ETFs, valued at about $1 billion, as of the end of last year. That represented a 27.2% drop in shares from the previous quarter.
Meanwhile, the investment banking giant added positions in spot XRP and Solana ETFs that launched during the quarter. The firm held $152.2 million in spot XRP ETFs and $108.9 million worth of spot Solana ETFs at the end of last year.
This move came amid a broader crypto market decline in the fourth quarter, with bitcoin falling from about $114,000 at the end of September 2025 to around $88,400 by year-end. Ether also slid, dropping to $2,970 at the end of last year from $4,140 at the end of September.
Spot bitcoin and ether ETFs also saw an exodus of funds that accompanied the market downturn. Spot bitcoin ETFs saw a quarterly outflow of $1.15 billion, while ether ETFs reported $1.46 billion in net outflows in the fourth quarter, according to data from SoSoValue.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
AI boom reshapes the wafer foundry landscape! UBS: Explosive demand accelerates advanced process expansion, mature process enters upward cycle
UBS stated in a recent research report that within the foundry market, the Total Addressable Market (TAM) for the N2 (2nm) node far exceeds expectations, A14 (1.4nm) production expansion is accelerating, and the upcycle for mature process nodes has already begun.
$1,999 Foldable iPhone Is Ready, but Apple (AAPL.US) Faces Over $5.7 Billion Patent Penalty
As Apple intensifies its efforts in foldable displays and AI business, it faces a haptic technology patent compensation ruling exceeding $5.7 billion. On September 25, a federal jury in California found that Apple's Taptic Engine, used in certain iPhone and Apple Watch models, infringed on two patents held by Taction Technology.
Prospects for the opening of the Hormuz Strait are overshadowed, Asian bonds under pressure: 2Y Japanese bond yield approaches 2%, 3Y Korean bond yield rises to highest level since 2022
With high oil prices, short-term bond yields in South Korea and Japan have risen.
5% US Treasury pressure weighs on global assets, while Australian government bonds open up a window for allocation? Fixed income giant Pimco calls the rate hike expectations too aggressive
Pacific Investment Management Company (Pimco) holds a constructive view on Australian bonds, believing that market expectations for rate hikes are too high. Pimco stated that the rate hike cycle in Australia has been "fully priced in," and cracks are beginning to appear in the economy, making Australian bonds look attractive, especially in the 5- to 10-year segment of the yield curve.
Crypto prices
More
