Wall Street giant Virtu Financial has officially disclosed $63 million worth of XRP holdings, marking a significant milestone in institutional adoption of the Ripple-linked token. According to a recent SEC filing revealed by prominent XRP advocate Bill Morgan, the $7 billion market maker listed XRP alongside Bitcoin (BTC) and Ethereum (ETH) on its balance sheet as of September 30, 2025. This move positions Virtu among the few major U.S. financial institutions directly holding XRP, further signaling growing confidence in blockchain-based assets.
Virtu Financial, known for providing global liquidity across equities, ETFs, fixed income, and currencies, has now expanded into digital assets. Its inclusion of XRP follows increased regulatory clarity in the U.S. surrounding Ripple’s native token. This development mirrors earlier optimism seen when Canary’s proposed XRP ETF removed an SEC delay clause — another indicator of institutional momentum building around the token.
Despite this, on-chain data from Glassnode paints a more cautious short-term outlook. Since early August, XRP’s price has dropped 27%, sliding from $3.30 to around $2.40. During the same period, long-term holders — those who accumulated before November 2024 — have increased their spending by roughly 580%, from $38 million to $260 million per day, suggesting profit-taking and heightened sell pressure from whales.
Adding to the bearish signals, Coinglass data shows Coinbase recorded nearly $24 million in net XRP inflows within 12 hours, indicating that traders may be moving tokens to exchanges for potential selling. However, the token still reflects resilience, recently climbing 3.17% in 24 hours to trade at $2.51, up 21.22% year-to-date. Institutional accumulation, including Ripple-backed Evernorth’s $1 billion XRP treasury, continues to highlight a growing Wall Street appetite for XRP despite short-term volatility.
