Rumors Of BlackRock Buying XRP Via Coinbase Makes Waves. Is An XRP ETF Filing Coming?
The Ripple neighborhood is as soon as once more caught up in hypothesis after knowledge showed a steep drop in Coinbase’s XRP holdings. Instead of seeing it as a sell-off, some commentators consider the decline may very well be linked to BlackRock quietly transferring into place by means of Coinbase Custody. The rumors are persistent, regardless that BlackRock has already shot down earlier claims a few Spot XRP ETF submitting. Nonetheless, this has left many to marvel if there’s extra occurring behind the scenes than the corporate is prepared to confess.
Coinbase’s Holdings And BlackRock Rumor
Recent on-chain knowledge revealed that Coinbase’s XRP stash has decreased drastically for the reason that second quarter of 2025. This lower has seen the quantity of cash held by Coinbase fall from 780.13 million to about 199 million, with a 57% fall in August alone.
Considering the size of this decline, the motion has stirred up totally different rumors. Some traders are of the notion that these are literally supposed sell-offs by Coinbase, whereas others are of the notion that they’re solely strategic transfers involving establishments. Crypto analyst Crypto X AiMan addressed the situation in a video posted on the social media platform X, the place he famous that Coinbase isn’t dumping the coin, regardless of claims circulating inside the neighborhood.
According to the analyst, the discount is extra doubtless linked to BlackRock, and his crew had beforehand highlighted a number of BlackRock-XRP connections. As such, he admonished traders to not interpret the drop in Coinbase’s wallets as bearish however fairly as an indication of shifting custody preparations, presumably linked to the world’s largest asset supervisor.
BlackRock’s Position On An XRP ETF
Comments about BlackRock’s curiosity within the digital asset are rising louder every day, however it’s price noting that the corporate has already denied stories of submitting for a Spot XRP ETF. An organization spokesperson for BlackRock recently clarified that no such product has been filed with the SEC.
Nevertheless, the lower in Coinbase’s wallets coincides with latest developments involving BlackRock’s partnership with Coinbase, which means that an official transfer referring to a Spot XRP ETF may very well be within the works. Given BlackRock’s embrace of different crypto ETFs, including Bitcoin and Ethereum, it’s only a matter of time earlier than the altcoin joins the lineup.
Although BlackRock has not confirmed any intentions, the rumors alone have elevated curiosity amongst many holders, as proven by feedback on social media. As many as eight different asset managers have filed for a Spot XRP ETF with the SEC, and lots of traders are nonetheless anticipating {that a} formal submitting would possibly arrive before anticipated.
At the time of writing, the connection between Coinbase’s diminished holdings and BlackRock is speculative, however because the third-largest crypto by market cap, the concept of Spot XRP ETFs hitting the market quickly should not be ruled out.