On February 11, according to the latest 13F filing submitted to the U.S. SEC, Goldman Sachs significantly reduced its holdings in spot Bitcoin and Ethereum ETFs in Q4 2025.

As of December 31, 2025, Goldman Sachs held approximately 21.2 million shares of spot Bitcoin ETFs, with a total market value of about $1.06 billion, a 39.4% decrease from Q3 holdings; at the same time, it held about 40.7 million shares of spot Ethereum ETFs, with a market value of approximately $1 billion, down 27.2% quarter-over-quarter.

Meanwhile, Goldman Sachs established new positions in spot XRP and Solana ETFs during the quarter, holding approximately $152.2 million in XRP ETFs and $108.9 million in Solana ETFs.
This adjustment occurred against the backdrop of a general correction in the crypto market.

In Q4 2025, the price of Bitcoin fell from about $114,000 at the end of September to approximately $88,400 at year-end; Ethereum dropped from $4,140 to $2,970. In terms of capital flows, Q4 saw a net outflow of $1.15 billion from spot Bitcoin ETFs and a net outflow of $1.46 billion from spot Ethereum ETFs. #Gate春节赛马红包嘉年华