Bitcoin ETF Massive Shock: Goldman Cuts Holdings 40%

Goldman Sachs reduced its holdings in spot Bitcoin ETF (exchange-traded funds) during the fourth quarter of 2025 because market conditions showed signs of danger. The investment bank reported through its latest U.S. SEC Form 13F filing that it owned 21.2 million shares of spot bitcoin ETFs, which had a market value of $1.06 billion as of December 31 2025. The current share holdings dropped by 39.4% when compared to the previous quarter.

The pullback occurred during a period when digital asset prices experienced their most severe market decline. Bitcoin started at approximately $114,000 on September 30 and fell to $88,400 by the end of the year because global markets entered a phase of risk-averse trading. The market decline forced institutional investors to reduce their crypto investments as they attempted to deal with market fluctuations.

Also Read: Bitcoin ETFs Hit by $1.82B Shock as Investors Panic

Goldman Sachs Reduces Bitcoin ETF and Other ETF Exposure Amid Market Slide

Goldman also reduced its spot Ether ETF holdings. The firm held approximately 40.7 million shares in Ethereum ETFs, which had a total value of $1 billion, but this amount decreased by 27.2% during the following quarter. The timing matched Ether’s price slide from $4,140 to $2,970 over the same period.

The current trend shows how the company executes a strategic reassessment while maintaining its presence in cryptocurrency markets. Goldman appears to be adjusting allocations in response to market momentum, capital flows, and evolving investor sentiment.

Bitcoin ETFs Face Outflows as Goldman Rotates Into New Assets

The Spot Bitcoin ETFs saw their first funds leave the program during Q4 2025, which showed that demand for their services had decreased. SoSoValue data shows that Bitcoin ETFs experienced net outflows totalling $1.15 billion during the period. The performance of Ether ETFs showed worse results because they had net outflows of $1.46 billion, which showed that investors remained cautious about the market.

Goldman maintained its involvement with digital assets, although it entered the market with its latest digital assets. The company acquired new investments in two new exchange-traded funds, which were launched during the quarter.

At the end of the year, the company maintained $152.2 million in XRP ETFs and $108.9 million in Solana ETFs. The organization has decided to shift its focus from existing products to newer offerings, which provide better chances for growth through different cryptocurrencies.

The move may also reflect a belief that capital could flow toward emerging blockchain ecosystems as market cycles evolve. While Bitcoin remains the dominant crypto asset, institutional strategies appear to be diversifying beyond legacy holdings.

The bitcoin reduction by Goldman Sachs shows that the company wants to manage risks instead of rejecting Bitcoin. The bank is reshaping its crypto portfolio, trimming positions in declining markets while positioning itself for the next phase of digital asset growth.

Also Read: Bitcoin ETFs Shed $1.58 Billion As Weekly Chart Signals Rising Downside Risk