Goldman Sachs has reduced its exposure to Bitcoin ETFs by nearly 40% and Ethereum ETFs by 27%, citing changing market conditions.

Despite the reduction, the financial giant continues to hold a substantial allocation to spot crypto ETFs:

• 🛑 Bitcoin ETFs — $1.1 billion
• 🛑 Ethereum ETFs — $1.0 billion
• 🛑 XRP ETFs — $152 million
• 🛑 Solana ETFs — $109 million

Importantly, these positions are held via exchange-traded funds, not through direct ownership of digital assets.

The move suggests tactical portfolio rebalancing rather than structural exit, as Goldman remains significantly exposed to crypto through regulated investment vehicles.

For traders, this highlights a key institutional dynamic:

• large players adjust sizing based on volatility and liquidity conditions
• ETF exposure provides flexibility without on-chain custody risk
• institutional interest in crypto remains substantial, even during market recalibration

The signal isn’t capitulation — it’s positioning.