Did Goldman Sachs Really Dump XRP and SOL for New Investment? EasyA Founder Clarifies What Happened

What to know:

• Goldman Sachs exited XRP and Solana ETFs while maintaining massive Bitcoin exposure.
• Hyperliquid investment replaced alternative crypto ETFs amid institutional portfolio rebalancing efforts.
• EasyA founder explained Goldman’s positions supported trading operations, not long-term investments.

EasyA co-founder Dom Kwok pushed back against growing speculation surrounding Goldman Sachs’ reported XRP and Solana ETF exit, arguing that the move likely reflected routine institutional trading activity rather than a direct loss of confidence in either cryptocurrency.

His comments followed a report that Goldman Sachs completely removed its XRP and Solana ETF holdings during the first quarter. According to the report, a new SEC 13F filing showed the Wall Street banking giant exited positions tied to XRP products managed by Bitwise, Grayscale, Franklin Templeton, and 21Shares.

Additionally, Goldman Sachs reportedly eliminated its Solana ETF exposure while reducing its Ethereum ETF holdings by nearly 70%. However, the bank maintained more than $700 million in Bitcoin ETF investments, making Bitcoin its largest crypto allocation.

Meanwhile, the filing also revealed Goldman Sachs purchased 654,630 shares of Hyperliquid Strategies, a position valued at approximately $3.33 million. The company now controls nearly 20 million HYPE tokens, giving Goldman indirect exposure to the broader digital asset sector.

EasyA Founder Explains Why The Filing May Be Misunderstood

According to Dom Kwok, many crypto investors interpreted the SEC filing incorrectly because institutional trading activity often differs from long-term investment strategies. He explained that Goldman Sachs likely held XRP and Solana ETF positions to facilitate client demand, liquidity operations, and ETF-related trading services.

Kwok also stressed that Goldman Sachs never publicly stated it held XRP or Solana because the bank maintained a bullish view on those assets. Consequently, he described the changes as routine portfolio rebalancing rather than a major institutional rejection of XRP or SOL.

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At the same time, Goldman Sachs itself has not released any official statement explaining the exact reason behind the portfolio changes. That absence of clarification contributed to widespread speculation across social media and the broader crypto market.

Meanwhile, XRP investment products continued attracting capital despite the headlines surrounding Goldman Sachs’ reported exit. As reported by 36Crypto, XRP ETFs recorded net inflows totaling $60.49 million during the past week.

Additionally, total assets under management across XRP ETFs climbed to approximately $1.18 billion.  At the time of writing, XRP traded near $1.38 while investors continued monitoring institutional activity across crypto-related investment products.

Goldman Sachs’ latest SEC filing triggered major reactions across the XRP and Solana communities. However, Dom Kwok’s explanation suggested the move likely reflected normal institutional trading operations instead of a direct bearish stance toward either cryptocurrency. Meanwhile, Goldman Sachs has not publicly confirmed the exact reason behind the portfolio adjustments.

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