Goldman Sachs Group Inc. (NYSE: A(It reduced its positions in Bitcoin)Bitcoin), Ethereum (Ethereum), XRPAnd Solana (Sol) by more than $1 billion in the first quarter of 2026, but increased its exposure in Hyperliquid (The noise).
These results are according to the bank’s Form 13F Deposit With the US Securities and Exchange Commission (SEC), which Feinbold analyzed on May 20. It is worth noting that Goldman Sachs completely exited its holdings of Ripple (XRP), amounting to about $152 million, as Finbold… He explained.
The bank reduced its Ethereum holdings by more than $904 million, an 88% decline, between the fourth quarter of 2025 and the end of the first quarter of 2026. As such, Goldman Sachs declared about $117.6 million worth of Ethereum by the end of the first quarter of 2026.
Likewise, the investment bank reduced its exposure to Bitcoin to $716.2 million quarter-on-quarter, representing a contraction of approximately 33%.
The bank liquidated its entire Solana holdings during the first quarter, like Finebold I mentioned. As such, the bank sold around $1.51 billion worth of cryptocurrencies during the first three months of 2026.
However, the holding company opened a new $3.3 million position in Hyperliquid Strategies (NASDAQ: PURR), a digital asset treasury firm that is aggregating Hyperliquid (HYPE).
Why is Goldman Sachs charging the hype?
Demand for HYPE has grown among institutional investors in recent months, driven by increased interest in decentralized trading of perpetual cryptocurrencies. Furthermore, Hyperliquid dominated the current fee market with a 43% share, which represents about $11 million per week, according to Data from DeFiLlama.
As such, HYPE price has outperformed other top crypto assets year-to-date (YTD) despite the overall downward trend.
The token is up more than 100% since the beginning of the year, trading at around $51.04 at press time.
