Is BlackRock Secretly Accumulating XRP?

• A dramatic90% XRP drop on Coinbase sparks BlackRock buying rumors.
• BlackRock denied plans for an XRP ETF in 2025, but speculation about XRP holdings remains strong.
• Ripple continues to strengthen XRP’s institutional utility through strategic partnerships.

Speculation is rising that BlackRock may be covertly acquiring large amounts of XRP through Coinbase, following reports of a 90% drop in its XRP supply over the past six months. While BlackRock has denied plans for an XRP ETF, rumors of its XRP acquisition continue to circulate.

XRP Supply Drop Sparks BlackRock Speculation

News aggregator on X, Ledger Man, sparked new speculation regarding BlackRock’s potential involvement with XRP. He points out a dramatic 90% decrease in the amount of XRP held on Coinbase, leading some to speculate that BlackRock could be quietly acquiring large amounts of the cryptocurrency. 

Estimates suggest that BlackRock, with $14 trillion AUM, could be holding anywhere between 200 million and 400 million XRP, though this claim remains unconfirmed. The sudden drop in XRP supply on Coinbase is notable because it raises questions about where the tokens have gone. 

Given BlackRock’s prominent position in the institutional investment space, speculation centers on the possibility that the asset manager could be purchasing XRP off-exchange via over-the-counter (OTC).

BlackRock’s August 2025 Statement on XRP ETFs

Despite rumors, BlackRock officially dismissed the idea of launching an XRP ETF in August 2025. In a statement, a BlackRock spokesperson said the firm had no plans to file for an XRP ETF, nor to launch an immediate SOL ETF.

While BlackRock’s position on ETFs remains firm, the speculation about its potential acquisition of XRP via Coinbase continues. There is currently no publicly available evidence linking BlackRock to the 90% drop in Coinbase’s XRP supply.

Ripple’s Ongoing Institutional Moves

While BlackRock’s involvement with XRP remains unclear, Ripple is continuing to expand its institutional infrastructure. In a press release from September 2025, Ripple announced a strategic partnership with Securitize, allowing holders of BlackRock’s BUIDL and VanEck’s VBILL tokenized products to exchange them instantly for RLUSD, a stablecoin based on the XRP Ledger. The move further connects XRP-linked assets with traditional finance and decentralized markets.

Ripple’s broader push into institutional markets underscores its strategy to deepen XRP’s utility regardless of speculation surrounding major asset managers. Although BlackRock’s position on direct XRP exposure remains unchanged, Ripple’s expanding partnerships suggest the token’s role within the evolving financial ecosystem continues to grow.

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