Goldman Sachs recently released its Q4 2025 13F filing. According to the filing, Goldman Sachs holds more than $2.3 billion worth of crypto assets. The financial institution holds $1.1 billion worth of Bitcoin (BTC), $1 billion worth of Ethereum (ETH), $153 million worth of XRP, and $108 million worth of Solana (SOL). While cryptocurrency assets make up a small percentage of the bank’s coffers, it is still enough to make Goldman Sachs one of the biggest crypto-exposed banks in the US. The banks has about $3.6 trillion worth of assets under management.
Has Goldman Sachs’ Crypto Holdings Taken A Loss?
The cryptocurrency market has taken a big hit over the last few months. The market faced its most significant single-day liquidation event in October 2025. Since the October 2025 market crash, most crypto assets have struggled to gain momentum. The late 2025 dip was likely triggered by macroeconomic uncertainties and geopolitical tensions. The market took another hit in 2026, escalated by a liquidity crunch. Given Goldman Sachs’ $2.3 billion crypto wallet, the bank has likely faced some losses after the market dip.
Goldman Sachs’ XRP exposure comes via spot ETFs. The popular cryptocurrency had quite a bullish start to 2025, but things took a turn for the worst towards the end of the year. However, XRP saw the launch of several spot ETFs towards the end of 2025. Spot ETFs have become a central part of the crypto ecosystem, and more crypto-based ETF products could see the light of day over the coming years.
Also Read: XRP Owners: “I Don’t Have Anymore Patience,” Here’s How to Decide
Goldman Sachs is one of the biggest financial institutions of the world. The bank’s exposure to crypto is a testament to the growing influence of the budding asset class. The cryptocurrency market will likely rebound once the larger economy settles down. Many anticipate an interest rate cut after Kevin Warsh assumes office as the new Federal Reserve Chair. However, a rate cut could present new challenges for risky assets.