Goldman Sachs closes Solana position

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Steve Muchoki

Cryptocurrency May 18, 2026

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Goldman Sachs Group Inc. (NYSE: GS) fully exited its Solana (SOL) spot exchange-traded funds (ETFs) holdings in the first quarter of 2026.

According to the bank’s latest Form 13F filing with the U.S. Securities and Exchange Commission (SEC), submitted on May 15, 2026, the bank reversed its Solana position of about $108 million. Over the first three months of 2026, Goldman Sachs exited its positions from Grayscale, Bitwise, Fidelity, VanEck, 21Shares, and Franklin Templeton, based on analysis done by Finbold on May 18.

Goldman Sachs exited its Solana position alongside its XRP holdings, as Finbold reported. However, the bank retained its Bitcoin (BTC) and Ethereum (ETH) positions, suggesting a calculated move to reduce risk exposure to volatile altcoins.

Furthermore, the bank’s Bitcoin ETF exposure was approximately $715 million, down around 10% from the prior quarter. On the other hand, Goldman Sachs’ Ethereum holdings decreased by nearly 70% from the previous quarter to about $114 million via the BlackRock iShares Ethereum Trust (ETHA).

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Solana price falls as Goldman Sachs exits

Solana price has signaled further bearish sentiment as Goldman Sachs liquidated its position. Over the past seven days, SOL price fell by over 13%, trading at about $84.31 at the time of publication. As such, the token’s market cap declined to roughly $48.8 billion.

SOL/USD 7-day chart. Source: Finbold

The sharp reversal from Goldman Sachs SOL’s position during the first quarter of 2026 could signal a reduced demand from institutional investors. Moreover, this altcoin has been trapped in a multi-month selling pressure despite its ecosystem growth in Q1, as Finbold previously explained.

As such, if Goldman Sachs leads other institutional investors in accumulating SOL over the coming few months, a potential reversal from the macro bear market could be established. However, if selling pressure persists, the altcoin could see further bearish sentiment.

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