Goldman Sachs has quietly stepped out of its XRP ETF exposure, bringing a position once valued around $154 million down to zero in the first quarter of 2026. The move has quickly become a talking point across the XRP community because Goldman Sachs was previously one of the largest disclosed institutional holders of XRP-linked ETF products. However, the more interesting part of the story may not be the exit itself. The more interesting part is what happened around the market while that exit was being absorbed. Goldman Sachs Cuts XRP ETF Exposure To Zero Goldman Sachs entered the XRP ETF market in late 2025 with more conviction than any other institution on Wall Street. By the end of Q4 2025, the bank had accumulated about $154 million in XRP ETF exposure spread across products from Bitwise, Grayscale, Franklin Templeton, and 21Shares, making it the holder of nearly 73% of all known institutional XRP ETF investments at the time. Related Reading: The Last Time Bitcoin Printed This Ugly Candle, It Tanked; Now It Has Returned However, Goldman Sachs’ latest Form 13F filing showed no XRP-linked ETF holdings at the end of the first quarter of 2026. The filing, which was submitted to the SEC in the middle of May, shows that the XRP liquidation was one piece of an entire portfolio reset. Goldman also closed out its Solana ETF exposure, reduced its Ethereum ETF holdings by about 70%, and trimmed part of its Bitcoin ETF exposure, although it still maintained a much larger Bitcoin ETF position near $700 million. The Market Absorbed The Sale Without Breaking An XRP commentator known as X Finance Bull on the social media platform X pointed out that the real signal was not Goldman’s exit, but the ETF market’s reaction to it. The point was that if Goldman sold its entire $154 million XRP ETF position and XRP ETFs still recorded $60.5 million in weekly net inflows the week the news came out, then demand from other buyers had to be strong enough to absorb the sale and still leave the market positive. Related Reading: Analyst Says Roadmap For Bitcoin To Reach $500,000 Is Complete, Here’s Why A large institution exited, but the product did not suffer a visible collapse in flow momentum. Instead, Spot XRP ETFs recorded their strongest weekly inflow since January, with cumulative inflows reaching about $1.39 billion. Assuming the full selloff happened in the same week XRP ETFs still posted net inflows, total buying demand would have had to exceed $214 million to absorb Goldman’s $154 million exit and still leave the market positive. This is why the sale may be more complicated than a bearish headline shows. A big exit only becomes damaging if there is not enough demand on the other side. However, in this case, the Goldman’s selling pressure was not only absorbed but also overtaken by new buying. This points to sustained demand for XRP and gives holders a stronger reason to remain confident in their positions despite Goldman’s exit. Featured image created with Dall.E, chart from Tradingview.com
Chalom explains that retail investors have never had the opportunity to access and manage their own digital treasury desk. Until now.
The ECB's potential rate hikes could tighten financial conditions, impacting risk assets and crypto markets by reducing liquidity and increasing volatility.
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ICE and OKX plan to launch oil-linked perpetual futures based on Brent and WTI benchmarks, bringing crypto derivatives further into traditional energy markets under licensing restrictions.
The chair of the powerful House Oversight Committee has requested documents from Polymarket and Kalshi regarding insider trading and war-related markets.
Near Protocol's dynamic resharding could set a new standard for blockchain scalability, pressuring other Layer 1s to adopt similar innovations.
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The UAE's OPEC exit could destabilize oil markets, challenge OPEC's influence, and accelerate shifts toward diversified energy strategies.
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After trading within a tight range, the SUI price volatility has surged as it has been sustaining above the $1 support despite the selling pressure. With this, the token is showing signs of strength after transforming the support into a strong base. Following months of persistent downside pressure, the price is now attempting to establish …
MARA spent $4.3 million on CEO Fred Thiel’s security in 2025, including vehicle armoring, as crypto wrench attacks increased globally.
Kevin Warsh is set to be sworn as Fed chairman in a White House ceremony on Friday morning.
Polymarket faced what many users interpreted as a possible hack on May 22 after public alerts described a rapid POL drain on the prediction market platform. Polymarket-linked accounts later said the incident was not a smart-contract exploit and did not affect user funds or market resolution. The first wave of concern came from on-chain investigator […]
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This collaboration could significantly enhance crypto market liquidity and integration with traditional financial markets, influencing global trading dynamics.
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WSJ reported Iranian financier Babak Zanjani allegedly moved $850 million through Binance, which CEO Richard Teng said was mischaracterized.
The EU's firm stance on Russian sanctions may sustain high energy costs, impacting inflation, monetary policy, and crypto market dynamics.
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China's NDRC clarification highlights the delicate balance between welcoming foreign investment and safeguarding national security, impacting investor confidence.
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SpaceX’s IPO could turn the Mag 7 into a Mag 8, with Tesla and SpaceX comprising 25% of the group's Bitcoin balance-sheet exposure.
Repeated bridge exploits and shrinking yields are making institutions question whether DeFi’s risks still justify the returns, says Symbiotic’s Putiatin.
The redirection of vessels highlights escalating U.S.-Iran tensions, potentially disrupting global oil supply and increasing geopolitical instability.
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The $10.7 million THORChain exploit was caused by a GG20 vulnerability, which allowed a malicious node to reconstruct a full private key to one of its vaults.
Increased scrutiny of prediction markets may lead to stricter regulations, impacting how these platforms operate and their user base.
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The incident highlights the critical dependency on oracle networks in DeFi, underscoring the need for redundancy and robust risk management.
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The attack on Barakah highlights vulnerabilities in energy infrastructure, potentially escalating regional tensions and impacting global markets.
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The EU's struggle to access Mythos highlights a cybersecurity gap, prompting potential shifts towards AI sovereignty and regulatory changes.
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Labor argues the bill could give digital assets enough regulatory cover to move closer to retirement accounts before safeguards catch up.
The post US labor federation warns CLARITY Act could push crypto closer to workers’ retirement money appeared first on CryptoSlate.
Crypto analyst Phila has predicted that the Bitcoin price could see a massive decline to $55,000 after breaking a 14-year support level. This comes amid BTC’s fall below the psychological $80,000 level, with the leading crypto now at risk of dropping to new lows. Analyst Predicts Bitcoin Price Drop To $55,000 Amid Breakdown In an X post, Phila stated that the Bitcoin price just broke a support level that has held for 14 years, noting that it had held in previous bear cycles. The analyst further remarked that this is not a dip, a correction, or a shakeout, but rather capitulation happening in real time. His accompanying chart showed that the leading crypto could drop to around $55,000 following the breakdown below the key support level. Related Reading: Bitcoin Is Playing Out The ‘Fakeout Theory’ Again, Here’s What To Expect Meanwhile, the analyst highlighted his track record, noting that he called the $16,000 bottom in 2022 and the top for the Bitcoin price in October 2025. As such, he suggested that market participants should prepare accordingly, as his prediction of a decline to $55,000 is likely to happen. In another X post, Phila stated that the Bitcoin price action was mirroring the 2021 price action, with the double top, lower highs, and lower lows. He noted that there was also a relief rally in 2021 that felt like the bottom, but it wasn’t the bottom, and everyone who bought BTC before the rally saw losses on the next leg down. Similarly, the Bitcoin price is once again in a relief rally phase, with many market participants believing that the February 2026 low of $60,000 was the bottom. He added that many think that the worst is over, but that $50,000 is on the table and that his fractal hasn’t missed a single step yet. The Key Level To Watch For Now Crypto analyst Ali Martinez said that $77,800 is the key level to watch for the Bitcoin price at the moment. This came as he alluded to a well-defined channel that has developed on the lower timeframes and that BTC has climbed to test the upper boundary of this structure around $77,800. Related Reading: What’s The Latest With The US-Iran War And How Does It Affect Bitcoin? The analyst further predicted that a flip of this level into support could clear the path for the Bitcoin price to rally to around $79,000. However, if BTC fails to break above this level, then it could see a healthy retracement back into the channel to gather liquidity. Martinez added that the key levels to watch for a bounce are the mid-range at $76,900 and the channel bottom at $76,000. At the time of writing, the Bitcoin price is trading at around $77,500, down in the last 24 hours, according to data from CoinMarketCap. Featured image from Pixabay, chart from Tradingview.com
U.S. lawmakers have officially launched an investigation into prediction market platforms Polymarket and Kalshi over concerns that government insiders could be using non-public information to profit from bets tied to elections, wars, and major political events. The probe comes as prediction markets rapidly grow in popularity across crypto and retail trading. Comer Launches Investigation on …
Dan Roberts outlines IREN’s strategy to build a vertically integrated AI platform spanning power, data centers, GPUs and enterprise software.
Internet Computer (ICP), up 4.3% from Thursday, joined NEAR Protocol (NEAR) as a top performer.
Bitcoin is stuck. It has been trading between $76,000 and $82,000 for weeks with no clean breakout in either direction. Most investors are watching the range with frustration. Analyst Michaël van de Poppe said, “That range brings the ultimate opportunity for altcoins to thrive,” van de Poppe said. “That’s what we start to see.” What …
DJT’s bitcoin strategy remains under pressure as the company sits on hundreds of millions in unrealized crypto losses and widening quarterly deficits.