Wall Street Altcoin Picks: Charles Schwab Backs Ethereum, Solana, XRP and Hyperliquid

Charles Schwab’s director of global equity research, Adam Lynch, laid out the firm’s crypto allocation thinking in a recent appearance, distinguishing between five digital assets the firm views as serving fundamentally different roles in a portfolio: Bitcoin, Ethereum, Solana, $XRP and Hyperliquid.

Not All Crypto Is the Same Trade, Schwab Says

Lynch described Bitcoin as the “classic” debasement hedge, the asset investors turn to when concerned about fiat currency devaluation. Ethereum, he said, carries more functional utility than Bitcoin while still fitting into that broader debasement narrative. Beyond the two majors, Lynch grouped Solana, $XRP and Hyperliquid as higher-volatility, higher-risk allocations he suggested pairing with a core position in the larger assets, rather than replacing them.

Goldman Sachs’ Solana Bet Comes Into Focus

Goldman Sachs has become the largest disclosed holder of spot Solana ETFs, with $88 million in exposure, according to disclosure filings referenced in the discussion. Because not all institutional holders are required to disclose positions, the real scale of Wall Street’s Solana exposure could be considerably larger than what’s currently visible in public filings.