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- Virtu Financial discloses $63M in XRP, joining top Wall Street crypto adopters.
- On-chain data shows whales selling $260M worth of XRP daily.
- Institutional interest remains strong despite short-term sell pressure.
Virtu Financial, a $7 billion Wall Street trading giant, has revealed a $63 million XRP holding, joining a growing list of traditional finance players entering the crypto space. According to a new SEC filing highlighted by XRP advocate Bill Morgan, the firm now lists XRP alongside Bitcoin and Ethereum on its balance sheet as of September 30, 2025.
This move marks Virtu as one of the few major institutions directly holding the Ripple-linked token, signaling increasing confidence in XRP’s regulatory clarity and long-term utility. It also follows the U.S. government’s recent steps to clarify XRP’s status, a development that has eased concerns for corporate investors.
A new filing with the SEC yesterday shows that the company, Virtu Financial, Inc in addition to Bitcoin and Ethereum holds a substantial amount of XRP on its balance sheet.
— bill morgan (@Belisarius2020) October 31, 2025
Because @Marc_Fagel always does it when I do these posts I checked up on the company. Seems to be… pic.twitter.com/fMeL1TzYVX
Institutional Confidence Grows Despite Whale Sell-Off
While Virtu’s entry into XRP reflects growing institutional trust, on-chain data tells a more complex story. Analytics platform Glassnode reports that since early August, XRP’s price has dropped from $3.30 to $2.40 — a 27% decline. During this period, long-term holders ramped up their selling by nearly 580%, unloading about $260 million worth of XRP daily.
This surge in whale activity points to profit-taking behavior after last year’s rally, potentially redistributing tokens from older investors to new market entrants. Despite the sell pressure, XRP’s continued presence in institutional portfolios hints that big money still sees upside potential in the asset.
Exchange Inflows Indicate Short-Term Pressure
Data from Coinglass adds another layer to the picture: Coinbase saw nearly $24 million in net XRP inflows over just 12 hours, suggesting heightened sell-side activity. Rising exchange inflows typically indicate traders moving tokens to sell — though, paradoxically, XRP’s price rose 3.17% in the same period, reaching $2.51.
Also Read: XRP Wave 5 Correction Signals Potential Surge to New All-Time Highs
Meanwhile, Ripple-backed Evernorth reportedly expanded its XRP treasury to $1 billion, reinforcing the narrative of deepening institutional participation despite volatility.
Two Forces Shaping XRP’s Future
Virtu Financial’s XRP acquisition is a clear vote of confidence from Wall Street, even as whales trim positions. The market now faces a tug-of-war between short-term selling and long-term accumulation — a balance that could determine whether XRP’s next move is a rebound or a retrace.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.
I’m a crypto enthusiast with a background in finance. I’m fascinated by the potential of crypto to disrupt traditional financial systems. I’m always on the lookout for new and innovative projects in the space. I believe that crypto has the potential to create a more equitable and inclusive financial system.
