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Highlights
Virtu Financial, a $7 billion Wall Street firm, has revealed $63 million in XRP holdings. In contrast, on-chain data shows that whales are offloading over $260 million worth of the token every day.
According to a new SEC filing highlighted by Bill Morgan, a notable XRP advocate, the firm has added XRP to its balance sheet. It listed the token alongside Bitcoin and Ethereum as of September 30, 2025.
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.
Because @Marc_Fagel always does it when I do these posts I checked up on the company. Seems to be… pic.twitter.com/fMeL1TzYVX
— bill morgan (@Belisarius2020) October 31, 2025
The move positions Virtu among the few major Wall Street institutions directly holding the token. A similar development was seen earlier when Canary XRP ETF filing removed an SEC delay clause. This is another proof of growing confidence around XRP-linked financial products.
Virtu Financial provides liquidity in equities, ETFs, fixed income, currencies, and, for the first time, in digital assets. The fact that the Ripple-linked token has been added to the company’s balance sheet indicates that conventional companies are increasing their exposure to blockchain-based tokens. This follows the recent decision by the U.S. to clarify the regulatory status of the Ripple-associated token.
However, on-chain data from Glassnode paints a contrasting market picture. It noted that since early August, XRP price has fallen from $3.30 to around $2.40, a 27% decline.
Since early August, XRP price has dropped from $3.3 to $2.4 (-27% 🔽).
At the same time, long-term holders who accumulated before Nov 2024 ramped up their spending by ~580%, from $38M/day to $260M/day (7D-SMA)
A clear sign of seasoned traders exiting and adding pressure to… pic.twitter.com/q5h02AsdrJ
— glassnode (@glassnode) October 31, 2025
During the same period, long-term token holders who accumulated before November 2024 increased their spending activity by roughly 580%. Glassnode estimates this activity rose from $38 million to $260 million per day based on a seven-day moving average.
The data suggests that seasoned investors are taking profits after last year’s rally. The trend could be an indication of token redistribution by whales who had purchased XRP in previous market cycles.
Institutional buying offers a longer-term assurance while whale selling causes pressure on price recovery in the short-term. Data from Coinglass shows that within the last 12 hours, Coinbase has registered a total of $23.93 million in net XRP inflows.
This represents a recent peak in USD-to-XRP conversions. But has coincided with a rise in the token’s price. Similarly, Ripple-backed Evernorth has grown its XRP treasury to $1 billion. These underscores deepening institutional involvement in the token.
At the time of writing, the Ripple-linked price is trading at $2.51. It climbed 3.17% in the past 24 hours and maintains a 21.22% year-to-date increase.
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
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