Goldman Sachs Reshuffles Crypto Holdings, Cuts Major Coins
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 40 minutes ago
0mins
Source: Fool
- Major Coin Reductions: Goldman Sachs' Q1 2026 13F filing reveals a complete liquidation of XRP and Solana ETFs, alongside a 70% reduction in Ethereum ETF exposure, indicating a bearish outlook on these mainstream crypto assets.
- Bitcoin Holdings Cut: The bank also trimmed its Bitcoin holdings by approximately 10%, now valued at around $700 million, reflecting a cautious stance towards the crypto market and potential uncertainties regarding overall market prospects.
- New Investment Direction: Goldman opened a new position in Hyperliquid, acquiring 654,630 shares valued at $3.3 million, which, while small compared to its significant cuts in major coins, indicates an interest in emerging decentralized trading platforms.
- Shifting Market Trends: Hyperliquid's model creates persistent buying pressure through token buybacks, having repurchased over $1.2 billion to date, suggesting Goldman is seeking more transparent and predictable investment opportunities to navigate the volatility of the crypto market.
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Analyst Views on GS
Wall Street analysts forecast GS stock price to fall
12 Analyst Rating
5 Buy
7 Hold
0 Sell
Moderate Buy
Current: 994.520
Low
604.00
Averages
951.45
High
1100
Current: 994.520
Low
604.00
Averages
951.45
High
1100
About GS
The Goldman Sachs Group, Inc. is a global financial institution that delivers a range of financial services to a large and diversified client base that includes corporations, financial institutions, governments and individuals. Its segments include Global Banking & Markets, Asset & Wealth Management and Platform Solutions. The Global Banking & Markets segment offers a range of services, including financing, advisory services, risk distribution, and hedging for its institutional and corporate clients. It facilitates client transactions and makes markets in fixed income, equity, currency and commodity products. The Asset & Wealth Management segment manages assets and offers investment products across all asset classes to a diverse set of clients. It also provides investing and wealth advisory solutions. The Platform Solutions segment includes consumer platforms, such as partnerships offering credit cards and point-of-sale financing, and transaction banking and other platform businesses.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Current CD Rates: As of May 28, 2026, Marcus by Goldman Sachs offers a 4% APY on its 14-month CD, showcasing competitive rates compared to historical averages, appealing to savers seeking secure investments.
- Rate Trend Analysis: Since the Federal Reserve began cutting rates in 2024, CD rates have been on a downward trend, although several financial institutions still offer competitive rates of 4% APY and above, reflecting a cautious market outlook.
- CD Account Opening Process: The steps to open a CD account include researching rates, selecting an appropriate account, preparing necessary documents, and completing the application, which can often be done online for convenience.
- Future Rate Predictions: While the Federal Reserve has kept rates unchanged in 2026, uncertainty remains regarding future rate movements, prompting savers to consider locking in current higher rates to mitigate potential future declines.
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- Historical Rate Trends: Since 2009, CD rates have experienced significant fluctuations, with one-year CDs averaging around 1% and five-year CDs below 2%, illustrating the impact of economic cycles on interest rates.
- Fed Policy Impact: The Federal Reserve raised rates 11 times between March 2022 and July 2023, which boosted CD rates; although recent declines have occurred, current rates still exceed historical averages, reflecting signs of economic recovery.
- Factors in Choosing CDs: When selecting a CD, it is crucial to consider not only the APY but also the term length, type of financial institution, and account terms to ensure alignment with personal financial goals and maximize returns.
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Goldman Sachs Reshuffles Crypto Holdings, Cuts Major Coins
- Major Coin Reductions: Goldman Sachs' Q1 2026 13F filing reveals a complete liquidation of XRP and Solana ETFs, alongside a 70% reduction in Ethereum ETF exposure, indicating a bearish outlook on these mainstream crypto assets.
- Bitcoin Holdings Cut: The bank also trimmed its Bitcoin holdings by approximately 10%, now valued at around $700 million, reflecting a cautious stance towards the crypto market and potential uncertainties regarding overall market prospects.
- New Investment Direction: Goldman opened a new position in Hyperliquid, acquiring 654,630 shares valued at $3.3 million, which, while small compared to its significant cuts in major coins, indicates an interest in emerging decentralized trading platforms.
- Shifting Market Trends: Hyperliquid's model creates persistent buying pressure through token buybacks, having repurchased over $1.2 billion to date, suggesting Goldman is seeking more transparent and predictable investment opportunities to navigate the volatility of the crypto market.
See More
Goldman Sachs Significantly Reduces Crypto Holdings
- Major Asset Liquidation: Goldman Sachs fully liquidated its positions in XRP and Solana ETFs in Q1 2026, while slashing its Ethereum ETF exposure by approximately 70%, indicating a bearish outlook on these cryptocurrencies' future growth.
- Bitcoin Holdings Adjustment: The bank also trimmed its Bitcoin holdings by about 10%, now valued at roughly $700 million, suggesting a weakening confidence in the crypto market that could affect investor perceptions of the bank.
- New Investment Direction: Concurrently, Goldman purchased 654,630 shares of Hyperliquid Strategies valued at $3.3 million, a relatively small investment that nonetheless indicates interest in decentralized exchanges and may signal future investment trends.
- Shifting Market Dynamics: Goldman's adjustments reflect a changing narrative in the crypto market, where traditional favorites like Ethereum and Solana are being overshadowed by emerging protocols with stronger mechanisms for value capture, potentially reshaping the investment landscape across the industry.
See More
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- Increased Market Risk: Higher yields make bonds more attractive compared to riskier stocks, potentially putting pressure on share prices, especially as rapid yield increases historically correlate with negative short-term S&P 500 returns.
- Inflationary Pressures: April's inflation rate rose to 3.8%, the highest since May 2023, raising concerns among investors about the Federal Reserve's response, with many believing it should consider raising its target rate to combat rising inflation.
- Key Data Ahead: The upcoming Personal Consumption Expenditures Price Index (PCE) will be a critical indicator; if it surprises to the upside, it could trigger a stock market sell-off as investors seek refuge from inflation and the likelihood of a Fed rate hike increases.
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Analysis of Current Best CD Rates
- Current CD Rates: As of May 28, 2026, Marcus by Goldman Sachs offers a 4% APY on its 14-month CD, showcasing competitive rates compared to historical averages, appealing to savers seeking secure investments.
- Rate Trend Analysis: Since the Federal Reserve began cutting rates in 2024, CD rates have been on a downward trend, although several financial institutions still offer competitive rates of 4% APY and above, reflecting a cautious market outlook.
- CD Account Opening Process: The steps to open a CD account include researching rates, selecting an appropriate account, preparing necessary documents, and completing the application, which can often be done online for convenience.
- Future Rate Predictions: While the Federal Reserve has kept rates unchanged in 2026, uncertainty remains regarding future rate movements, prompting savers to consider locking in current higher rates to mitigate potential future declines.
See More
CD Rates Decline but Remain Competitive
- Current CD Rates: Short-term CDs currently offer annual rates typically between 4% and 4.5%, which, despite an overall decline, remain attractive compared to traditional savings accounts, indicating their ongoing relevance in the market.
- Historical Rate Trends: Since 2009, CD rates have experienced significant fluctuations, with one-year CDs averaging around 1% and five-year CDs below 2%, illustrating the impact of economic cycles on interest rates.
- Fed Policy Impact: The Federal Reserve raised rates 11 times between March 2022 and July 2023, which boosted CD rates; although recent declines have occurred, current rates still exceed historical averages, reflecting signs of economic recovery.
- Factors in Choosing CDs: When selecting a CD, it is crucial to consider not only the APY but also the term length, type of financial institution, and account terms to ensure alignment with personal financial goals and maximize returns.
See More
Goldman Sachs Reshuffles Crypto Holdings, Cuts Major Coins
- Major Coin Reductions: Goldman Sachs' Q1 2026 13F filing reveals a complete liquidation of XRP and Solana ETFs, alongside a 70% reduction in Ethereum ETF exposure, indicating a bearish outlook on these mainstream crypto assets.
- Bitcoin Holdings Cut: The bank also trimmed its Bitcoin holdings by approximately 10%, now valued at around $700 million, reflecting a cautious stance towards the crypto market and potential uncertainties regarding overall market prospects.
- New Investment Direction: Goldman opened a new position in Hyperliquid, acquiring 654,630 shares valued at $3.3 million, which, while small compared to its significant cuts in major coins, indicates an interest in emerging decentralized trading platforms.
- Shifting Market Trends: Hyperliquid's model creates persistent buying pressure through token buybacks, having repurchased over $1.2 billion to date, suggesting Goldman is seeking more transparent and predictable investment opportunities to navigate the volatility of the crypto market.
See More
Goldman Sachs Significantly Reduces Crypto Holdings
- Major Asset Liquidation: Goldman Sachs fully liquidated its positions in XRP and Solana ETFs in Q1 2026, while slashing its Ethereum ETF exposure by approximately 70%, indicating a bearish outlook on these cryptocurrencies' future growth.
- Bitcoin Holdings Adjustment: The bank also trimmed its Bitcoin holdings by about 10%, now valued at roughly $700 million, suggesting a weakening confidence in the crypto market that could affect investor perceptions of the bank.
- New Investment Direction: Concurrently, Goldman purchased 654,630 shares of Hyperliquid Strategies valued at $3.3 million, a relatively small investment that nonetheless indicates interest in decentralized exchanges and may signal future investment trends.
- Shifting Market Dynamics: Goldman's adjustments reflect a changing narrative in the crypto market, where traditional favorites like Ethereum and Solana are being overshadowed by emerging protocols with stronger mechanisms for value capture, potentially reshaping the investment landscape across the industry.
See More
U.S.-Iran Negotiation Fluctuations Impact Markets
- Oil Price Plunge: Oil prices dropped over 5% on Wednesday after Secretary of State Marco Rubio indicated that Washington was giving Iran talks 'every chance to succeed,' reflecting market sensitivity to diplomatic efforts and potentially impacting energy sector profitability.
- Escalation of Military Actions: New U.S. airstrikes in Iran targeted a military site deemed a threat to U.S. forces and commercial maritime traffic, adding uncertainty to the ongoing diplomatic negotiations and prompting investors to reassess risk levels in the market.
- Strong Tech Stock Performance: Shares of cloud-based AI and data platform company Snowflake surged 36% following a strong earnings report and a $6 billion investment plan in Amazon Web Services, showcasing investment enthusiasm and market confidence in the tech sector amid rising AI demand.
- Inflation Data Focus: Investors are closely watching the upcoming April inflation reading, which is expected to influence the Fed's future rate decisions, as Minneapolis Fed President Neel Kashkari emphasized that lowering inflation remains a top priority, indicating market sensitivity to economic policy.
See More
Rising Bond Yields Raise Concerns for Stock Market
- Surging Bond Yields: The 30-year Treasury yield reached a 19-year high this week, while the 10-year yield climbed from 4.03% on March 3 to 4.69% last week, increasing borrowing costs for consumers and negatively impacting company revenues.
- Increased Market Risk: Higher yields make bonds more attractive compared to riskier stocks, potentially putting pressure on share prices, especially as rapid yield increases historically correlate with negative short-term S&P 500 returns.
- Inflationary Pressures: April's inflation rate rose to 3.8%, the highest since May 2023, raising concerns among investors about the Federal Reserve's response, with many believing it should consider raising its target rate to combat rising inflation.
- Key Data Ahead: The upcoming Personal Consumption Expenditures Price Index (PCE) will be a critical indicator; if it surprises to the upside, it could trigger a stock market sell-off as investors seek refuge from inflation and the likelihood of a Fed rate hike increases.
See More
