In Bitcoin ETF news today, Goldman Sachs has quietly liquidated its entire XRP ETF and Solana ETF positions in Q1 2026, according to the firm’s latest 13F filing, a full exit from two products it had only just started building exposure to months earlier, while at the same time, BTC ETF products have seen nearly $1Bn in outflows over the past 24 hours.
XRP is trading around $1.38, while Solana is near $85, both nursing weekly losses amid a jittery macro backdrop. The real question isn’t whether Goldman’s move is significant. The question is what it actually signals and whether retail investors holding these assets should change anything right now.
https://twitter.com/BSCNews/status/2056519955021967557?ref_src=twsrc%5Etfw” rel=”nofollow” target=”_blank
The bad news for crypto ETFs doesn’t stop there: the various Bitcoin ETF products have experienced significant outflows over the past 48 hours, bringing total outflows since May 16 to just under $1Bn.
Bitcoin USD has been feeling the effects of these outflows, dropping from $82,000 to around $77,000 since last Friday. In the same time frame, the total crypto market cap has shed over $100Bn in valuation, falling to $2.65 trillion.
Let’s start with the mechanics. A 13F filing is a quarterly disclosure that institutional investment managers with over $100M in assets must submit to the SEC. It’s essentially a snapshot of what they held at the end of a given quarter, and Goldman’s Q1 2026 filing shows zero XRP ETF positions and zero Solana ETF positions, down from roughly $154M in XRP ETF exposure at the end of Q4 2025. That’s a clean exit, not a trim.
Goldman had moved fast when these products launched. Spot XRP and Solana ETFs only arrived in the US in Q4 2025, and Goldman wasted little time, spreading $154M across four XRP products from Bitwise, Franklin, Grayscale, and 21Shares, making it the largest disclosed institutional investor in spot XRP ETFs at the time. The fact that it unwound all of it within a single quarter is worth serious examination, not dismissal.
But here’s the structural nuance: Goldman didn’t abandon crypto. The same filing shows the firm holding multiple iShares Ethereum Trust positions worth approximately $114M, $60M, and $3.4M, respectively, plus a separate iShares Staked Ethereum Trust position worth around $66.9M.
It also maintained hundreds of millions in Bitcoin through the iShares Bitcoin Trust ETF. What changed is the risk tier; Goldman rotated out of newer, thinner altcoin ETPs and into Circle, Coinbase, and Galaxy Digital, a classic “picks-and-shovels” pivot toward crypto infrastructure over direct token exposure.
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Bitcoin is currently consolidating just above the $77,000 level after hitting a weekend low near $75,600–$76,500. That $77,000 zone has emerged as the immediate battleground.
It represents clustered stop-loss orders and a psychologically significant round number that bulls need to defend to prevent a deeper unwind back toward 2021 levels.
Resistance now sits at $78,000, a level BTC recently failed to reclaim, with $80,000 and the $82,000–$84,000 band representing higher-conviction recovery targets.
https://twitter.com/TedPillows/status/2056333727802794306?ref_src=twsrc%5Etfw” rel=”nofollow” target=”_blank
Three scenarios appear most plausible from current levels.
In the bull case, BTC holds $77,000, the near-$1Bn in ETF outflows reverse, and a reclaim of $78,000 opens a path back toward $80,000 and beyond.
The base case sees price grinding sideways in the $76,000–$78,000 range as macro uncertainty keeps conviction subdued. Weak trader conviction near key resistance has been a recurring theme in recent weeks.
The bear case and the scenario that would confirm a deeper correction involve a clean loss of the $75,000–$76,000 band; below that, the April 2025 low near $74,500 and longer-term support around $69,000, the 2021 cycle high, come into focus.
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