Virtu Financial, a $7 billion Wall Street company, has disclosed holdings of $63 million in XRP. In contrast, on-chain data shows that whales are unloading $260 million worth of tokens every day.
Virtu Financial joins growing XRP adoption on Wall Street
The company has added XRP to its balance sheet, according to a new SEC filing highlighted by prominent XRP advocate Bill Morgan. As of September 30, 2025, the token is listed alongside Bitcoin and Ethereum.
A new filing with the SEC yesterday shows that the company, Virtu Financial, Inc., holds a significant amount of XRP on its balance sheet in addition to Bitcoin and Ethereum.
because @Marc_Fagel When I make these posts, I always do my research on the company. Apparently… pic.twitter.com/fMeL1TzYVX
— Bill Morgan (@Belisarius2020) October 31, 2025
The move makes Virtu one of the few major Wall Street institutions to hold the token directly. A similar development was previously seen when the SEC delay clause was removed in the Canary XRP ETF filing. This is another evidence of growing confidence in financial products linked to XRP.
Virtu Financial provides liquidity for stocks, ETFs, bonds, currencies, and for the first time, digital assets. The fact that Ripple-linked tokens have been added to the company’s balance sheet shows that traditional companies are increasing their exposure to blockchain-based tokens. This follows a recent decision by the US to clarify the regulatory status of Ripple-related tokens.
Long-term XRP holders benefit
However, Glassnode’s on-chain data paints a contrasting picture of the market. The report noted that since early August, XRP price has fallen from $3.30 to around $2.40, a decline of 27%.
Since early August, XRP price has fallen from $3.3 to $2.4 (-27% 🔽).
At the same time, long-term holders who accumulated through November 2024 increased their spending by ~580% from $38 million to $260 million per day (7D-SMA)Clear signs that experienced traders are withdrawing and increasing pressure… pic.twitter.com/q5h02AsdrJ
— Glassnode (@glassnode) October 31, 2025
Over the same period, spending activity for long-term token holders who accumulated before November 2024 increased by approximately 580%. Glassnode estimates that this activity has increased from $38 million to $260 million per day, based on a seven-day moving average.
This data suggests that savvy investors are taking profits after last year’s rally. This trend may indicate a redistribution of the token by whales that purchased XRP in previous market cycles.
Coinbase inflows signal selling pressure on XRP
Institutional buying provides long-term security, while whale selling creates pressure for price recovery in the short term. Within the past 12 hours, Coinbase recorded a total of $23.93 million in net XRP inflows, according to data from Coinglass.
This represents the recent peak in USD to XRP conversion. However, it coincided with an increase in the price of the token. Similarly, Ripple-backed Evernorth has grown its XRP assets to $1 billion. These highlight the deepening institutional involvement in the token.
At the time of this writing, the price linked to Ripple is trading at $2.51. It has increased by 3.17% in the past 24 hours and is up 21.22% since the beginning of the year.