Month: May 2026

Goldman Sachs Exits XRP and Solana ETFs as Bitcoin Holdings Reach $700M

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Key Takeaways Goldman Sachs exited XRP and solana ETFs, cutting ether exposure by 70% in Q1. Goldman kept $700M in bitcoin ETFs while boosting Coinbase and Circle investments. Wall Street firms are rotating toward bitcoin and crypto infrastructure amid volatility. Goldman Sachs Reshapes Crypto Portfolio as Institutional Focus Shifts to Bitcoin Goldman Sachs significantly reshaped its digital asset portfolio in the first quarter of 2026, exiting positions tied to XRP and solana exchange-traded funds (ETFs) while sharply reducing exposure to ether ETFs, according to its latest regulatory filing. The Wall…

XRP, SOL Out, ETH Down 70%, Hyperliquid In

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Wall Street giant Goldman Sachs has made a notable shift in its crypto-related exchange-traded (ETF) fund positions, according to a recent filing submitted to the US Securities and Exchange Commission (SEC).  The update shows the firm exiting XRP- and Solana (SOL)-linked ETF exposure, while also trimming its Ethereum (ETH) ETF holdings. At the same time, the filing shows it opened a new position tied to one of the largest decentralized exchanges (DEXs). Goldman Sachs Exits XRP And Solana ETFs The story starts with Goldman’s XRP ETF exposure going into the…

Crypto Funds Post $1B in Outflows as Iran Tensions Weigh on Bitcoin, Ether

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Cryptocurrency investment products posted heavy outflows last week as investors reduced risk amid inflation fears and uncertainty over a lasting ceasefire between the United States and Iran. According to CoinShares’ latest weekly report, digital asset exchange-traded products (ETPs) recorded $1.07 billion in net outflows, ending a six-week streak of inflows. It marked the third-largest weekly outflow this year. Bitcoin (BTC) investment products accounted for the bulk of the withdrawals, with $982 million in outflows. Ether (ETH) products lost $249 million, their largest outflow since the week ending Jan. 30. Altcoin…

How To Time The Dogecoin Bottom And When The Price Will Reach $2

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Dogecoin’s next major move may depend less on hype and more on exhaustion. A new technical analysis from crypto analyst Cryptollica proposes that the leading meme coin is now trading at another cycle-bottom zone, and the weekly chart is showing the same kind of RSI washout and long compression that previously appeared before notable Dogecoin rallies. Dogecoin’s Fourth Cycle Bottom Comes Into View Dogecoin has spent the better part of the past year being written off. Sentiment has collapsed, price has compressed, and the crowd that once celebrated the meme…

Gov. Walz Signs Bitcoin Custody Bill, Letting Minnesota Banks Hold Crypto Aug. 1

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Key Takeaways Minnesota Gov. Tim Walz signed HF 3709, letting state-chartered banks offer bitcoin and crypto custody. The law takes effect Aug. 1, 2026, requiring a 60-day Commerce Department notice before services launch. St. Cloud Financial Credit Union reported 20% of members hold crypto, signaling strong local demand. State-Chartered Banks in Minnesota Will Be Able to Custody Bitcoin Under New Law The legislation, now Chapter 93 of the 2026 Session Laws, takes effect Aug. 1, 2026. It applies only to services offered on or after that date. Under the new…

Strategic Bitcoin Reserve framework firmly on the horizon: White House official

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The White House says it has achieved a legal and custody “breakthrough” for the US Strategic Bitcoin Reserve, finally giving Washington a compliant way to safeguard billions in seized BTC. Summary White House Digital Assets Executive Director Patrick Witt confirmed legal and custody frameworks for the Strategic Bitcoin Reserve are now in place The announcement signals the administration has cleared key regulatory hurdles without requiring immediate congressional action Witt described the development as a “breakthrough” that allows proper safeguarding of government-held digital assets The White House has confirmed a major…

What Will Stop ETH Price Crash?

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Ether (ETH) dropped sharply after rejection at $2,400 last week, dropping as low as $2,100 on Monday, indicating that bears are back “in control,” according to new analysis. Key takeaways: Ether drops 12% after rejection at $2,400 as bears regain control. Binance sell pressure and ETF outflows signal weak ETH demand. Analysts warn ETH/USD could fall toward $1,700 if support at $2,000 breaks. ETH bears selling aggressively Data from TradingView shows ETH price trading at $2,100, down 12% below its local high of $2,420 reached on May 6. On Sunday, ETH/USD…

Blackrock and Ark Drive $1B Bitcoin ETF Selloff as XRP Demand Accelerates

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Key Takeaways Bitcoin ETFs lost $1B, ending a 6-week inflow streak led by ARKB and IBIT exits. Ether ETFs shed $255M, while XRP and solana gained $60.5M and $58.12M, respectively. XRP and solana demand rose as investors favored crypto assets tied to regulation and utility. Franklin and Bitwise Drive XRP ETF Gains as Bitcoin Sentiment Weakens The mood in digital asset markets shifted decisively between May 11 and May 15. What began as a cautious pullback quickly evolved into one of the weakest weeks for bitcoin exchange-traded funds (ETFs) in…

Ripple’s Early Banking Ally Now Connected To X Money Expansion

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Ripple’s early push into banking partnerships may be finding new relevance in an unexpected place. One of its long-time collaborators has resurfaced at the center of X Money, the payments initiative tied to X’s broader ambition to become a global financial super app. What once served as a bridge for Ripple’s cross-border settlement network is now part of infrastructure aimed at scaling digital payments to a massive user base. How A Ripple-Linked Bank Became Part Of Elon Musk’s Payment Push A Ripple-linked banking partner from the company’s earliest expansion days…