Goldman Sachs Dumped All its XRP and Reinvests Millions into Hyperliquid Crypto Stocks

Goldman Sachs (GS) completely wiped out its $154 million investment in spot XRP (XRP-USD) ETFs during a massive digital portfolio rebalance. A new SEC 13F filing shows the banking giant pulled its money from funds run by Bitwise, Grayscale, Franklin Templeton (BEN), and 21Shares to buy crypto infrastructure stocks instead.

Goldman Sachs Dumps Alternative Tokens

The financial institution abandoned its entire position in alternative cryptocurrencies during the first quarter. Goldman Sachs completely walked away from its Solana ETF positions. Goldman Sachs also chose to reduce its spot Ethereum ETF holdings by 70%, leaving just $114 million in those funds.

However, Goldman Sachs protected its largest digital asset allocation, holding onto more than $700 million in Bitcoin ETFs.

Goldman Sachs Buys Hyperliquid Shares

The investment bank redirected its cash into companies that build the underlying networks for digital assets. The Wall Street giant bought 654,630 shares of Hyperliquid Strategies (PURR), a position valued at $3.33 million. This corporate entity controls roughly 20 million HYPE tokens. Financial experts believe Wall Street wants to avoid the direct legal and network risks of holding individual alternative tokens. Large banks prefer to own shares in stable technology corporations instead.

The sudden departure of Goldman Sachs failed to damage the market price of the token. Independent buyers stepped in immediately to purchase the available XRP supply. Data from SoSoValue shows net inflows into XRP ETFs reached $60.49 million over the past week alone. Total net assets across these funds climbed to $1.18 billion, giving the ETF market control over 1.33% of the total XRP supply.

This stability shows that the crypto ecosystem can survive even when major Wall Street players pull their funding.

At the time of writing, XRP’s price is sitting at $1.38.