Virtu Discloses $63M in XRP as Whales Sell Roughly $260M Daily
The opposing flows have coincided with a roughly 27% slide in XRP since early August.
Overview
- An SEC filing dated September 30 shows Virtu listing XRP alongside Bitcoin and Ethereum on its balance sheet.
- Glassnode estimates long-term holders increased spending about 580%, from roughly $38 million to $260 million per day on a seven-day average.
- CoinGlass reports Coinbase recorded $23.93 million in net XRP inflows over a 12-hour window, indicating heightened exchange supply.
- Ripple-backed Evernorth’s XRP treasury is reported at about $1 billion as the firm builds a large institutional position.
- Coverage notes this is Virtu’s first public disclosure of digital assets on its balance sheet, signaling broader institutional participation.