Goldman Sachs: $2+ billion in digital assets through regulated ETFs

2026-02-13

According to SEC Form 13F for Q4 2025, Goldman Sachs holds:

• ~$1.1 billion in Bitcoin

• ~$1.0 billion in Ethereum

• smaller positions in XRP and Solana

All exposure is realized through regulated spot ETFs.

Industry experts note that this structure is not just an investment position, but a reflection of a qualitative shift in institutional strategy.

The use of ETFs as the primary access tool demonstrates banks' desire to minimize operational and compliance risks

For the industry, this means one thing: as institutional participation grows, requirements for custodial architecture, risk management, and regulatory compliance will only increase.