Virtu Financial Reveals $63M XRP Stake Amid $260M Institutional Sell-Off
Virtu Financial, a $7 billion Wall Street powerhouse, has finally let slip that it's got a $63 million stash of XRP—a big deal that...
Quick overview
- Virtu Financial has disclosed a $63 million investment in XRP, highlighting institutional interest in digital assets.
- The firm, known for its trading and liquidity provision, is now diversifying into cryptocurrencies alongside Bitcoin and Ethereum.
- Despite a 27% drop in XRP's price since mid-August, on-chain analysis shows significant selling by long-term holders, indicating profit-taking.
- Recent data suggests a flow of new money into XRP, with Ripple-backed Evernorth increasing its holdings to $1 billion, signaling confidence in the asset's future.
Virtu Financial, a $7 billion Wall Street powerhouse, has finally let slip that it’s got a $63 million stash of XRP—a big deal that really underscores just how eager institutions are to get in on the digital asset action. This came out in a filing they’ve done with the US Securities and Exchange Commission—and makes it clear that, from September 30, 2025, on, they’ve got a direct stake in Ripple’s XRP, alongside Bitcoin and Ethereum.
Virtu, for those who may not know, has built a name for itself as a major player in trading and liquidity provision across equities, ETFs, and fixed income. But now they’re starting to put down a marker on the digital assets front – and it’s all coming at a time when interest in XRP-linked financial products is really taking off. One key milestone that’s helped grease the wheels for this is the Canary’s XRP ETF proposal, which has avoided a hold-up by the SEC—a move that’s sent a clear signal that mainstream adoption is on its way.
- Virtu’s crypto exposure: XRP, Bitcoin, Ethereum
- Portfolio value: Over $7 billion, which is a pretty huge amount of assets
- XRP position: $63 million – which they’ve now fessed up to in a recent SEC filing
As a result of all this, Virtu is now joining a pretty long list of Wall Street big-hitters who are dipping their toes into blockchain-backed assets following some pretty significant US regulatory clarifications on Ripple’s operations.
Whale Activity Suggests Time to Sell Up
Now, despite Virtu being pretty bullish, on-chain analysis from Glassnode suggests that big XRP whales have been cashing out in a big way. Since mid-August, XRP’s price has fallen 27%, from $3.30 to $2.40.
Over the same period, the long-term XRP holders—who’d been holding onto their stash since November 2024—have ramped up selling by a whopping 580%. According to Glassnode, daily sell volumes have shot up from $38 million to a massive $260 million, based on a seven-day moving average.
This tells us that early investors are taking the opportunity to pocket some profits, while the market redistributes. Analysts say that while all this selling creates some short-term volatility, it makes it easier for institutional players like Virtu to step in and scoop up XRP in the future.
Institutional Demand is Propping Up XRP
Yes, selling pressure is still strong – but — flow of new money into exchanges like Coinbase is telling a differeveryry. Data from Coinglass shows that over the past 12 hours, $23.93 million in fresh XRP has flowed in, a recent high that broadly aligns with the modest price gains we’ve seen.
To add to the optimism, Ripple-backed Evernorth has just expanded its XRP hoard to a new high of $1 billion—and that’s a big vote of confidence in the asset’s long-term prospects.
As of now, XRP is trading at $2.51. That’s a 3.17% jump in the past 24 hours – and a whole 21.22% hike year on year. Despite all the heavy selling, institutional buying, and clearer US regulations, XRP is firmly on the map.
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