Virtu Financial reveals $63M in XRP holdings as whales sell $260M daily and Coinbase sees $24M in XRP inflows.
Virtu Financial, a $7 billion Wall Street firm, has reported holding $63 million worth of XRP, according to a recent SEC filing. This comes amid an increase in XRP sell-offs by long-term holders, with on-chain data showing daily disposals reaching $260 million.
The opposing trends between institutional interest and whale exits are creating a mixed outlook for the token’s near-term trajectory.
Virtu Financial Adds XRP to Its Balance Sheet
According to an SEC filing dated September 30, 2025, Virtu Financial now holds XRP along with Bitcoin and Ethereum. This addition places the firm among the limited number of major financial institutions in the U.S. with XRP on their balance sheets.
Bill Morgan, an XRP advocate, brought attention to the filing on social media. He stated that the presence of XRP in Virtu’s financial report reflects a rising trend among traditional firms to engage with digital assets.
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
Virtu Financial operates across several asset classes, including equities and currencies. The inclusion of XRP signals its broader move into the digital asset sector, as it continues to diversify its exposure across blockchain-linked investments.
Long-Term XRP Holders Increase Sell-Offs
While Virtu Financial’s XRP acquisition marks growing institutional involvement, on-chain data shows large-scale selling by long-term XRP holders. According to Glassnode, since early August 2025, these holders have ramped up their daily spending from $38 million to $260 million.
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
This increased selling has coincided with a price drop from $3.30 to $2.40, a decline of 27%. The data indicates that investors who held XRP since before November 2024 are now exiting their positions, likely to lock in gains from the previous rally.
Glassnode’s seven-day moving average supports this trend, showing sustained selling over several weeks. The shift reflects a redistribution phase where earlier investors move tokens into circulation, affecting short-term price levels.
Exchange Inflows Point to Short-Term Pressure
Coinbase has recorded high XRP inflows, with $23.93 million entering the exchange within a 12-hour window, according to Coinglass. These inflows suggest that more XRP is being moved to exchanges, which often signals sell pressure.
The increased conversion of USD to XRP on Coinbase also points to active trading as investors respond to market shifts. This comes even as XRP saw a 3.17% price rise over the past 24 hours, reaching $2.51 at the time of writing.
Meanwhile, Ripple-backed Evernorth has raised its XRP holdings to $1 billion. This development adds to institutional presence in the market, contrasting with the ongoing exits by long-term private holders.
