Goldman Sachs disclosed significant crypto exposure in its Q4 2025 13F filing, revealing more than $2.36 billion in digital asset holdings.

The filing shows $1.1 billion in Bitcoin, $1.0 billion in Ethereum, $153 million in XRP, and $108 million in Solana, representing a 0.33% allocation of its reported investment portfolio.

The disclosure places Goldman among the most exposed major US banks to crypto-linked assets, albeit still at a small percentage of total holdings.

A closer look at the filing shows Goldman’s XRP exposure comes specifically through XRP exchange-traded funds, with holdings valued at approximately $152 million.

US Spot XRP ETFs currently hold over $1.04 billion in total net assets. XRP ETFs have…