Rumor of BlackRock Buying $XRP via Coinbase Custody
A viral claim has taken over the XRP community: **BlackRock may be quietly buying $XRP through Coinbase Custody**. The speculation began after on-chain data revealed Coinbase’s $XRP reserves plunged from **780M to under 200M** between June and August 2025 — a **69% drop**.
Blockchain explorer **XRPScan** confirms the sharp decline, but analysts stress this is not a sell-off. Instead, Coinbase consolidated its wallets from 52 to around 10–16, each holding ~16.5M XRP. This looks more like a **custody restructuring** than market selling.
Why BlackRock? Coinbase provides custody for institutional clients via **Coinbase Prime**, integrated with BlackRock’s **Aladdin platform**. This setup allows institutions to hold crypto off-exchange, fueling speculation XRP may be included.
✅ **Confirmed:** Coinbase’s XRP balances dropped, and wallets were restructured.
❌ **Not confirmed:** BlackRock itself buying XRP. No official filings or disclosures prove this link.
**Implication:** If institutions are reallocating XRP into custody, it could mean **reduced selling pressure** and potential **long-term confidence**. Still, without evidence, the BlackRock connection remains **rumor — not fact**.
🚀 FOLLOW **BeMaster BuySmart** for more crypto insights! 💰🔥#BinanceHODLerLINEA #BinanceAlphaAlert #AltcoinMarketRecovery #NasdaqTokenizedTradingProposal #MetaplanetBTCPurchase
A viral claim has taken over the XRP community: **BlackRock may be quietly buying $XRP through Coinbase Custody**. The speculation began after on-chain data revealed Coinbase’s $XRP reserves plunged from **780M to under 200M** between June and August 2025 — a **69% drop**.
Blockchain explorer **XRPScan** confirms the sharp decline, but analysts stress this is not a sell-off. Instead, Coinbase consolidated its wallets from 52 to around 10–16, each holding ~16.5M XRP. This looks more like a **custody restructuring** than market selling.
Why BlackRock? Coinbase provides custody for institutional clients via **Coinbase Prime**, integrated with BlackRock’s **Aladdin platform**. This setup allows institutions to hold crypto off-exchange, fueling speculation XRP may be included.
✅ **Confirmed:** Coinbase’s XRP balances dropped, and wallets were restructured.
❌ **Not confirmed:** BlackRock itself buying XRP. No official filings or disclosures prove this link.
**Implication:** If institutions are reallocating XRP into custody, it could mean **reduced selling pressure** and potential **long-term confidence**. Still, without evidence, the BlackRock connection remains **rumor — not fact**.
🚀 FOLLOW **BeMaster BuySmart** for more crypto insights! 💰🔥#BinanceHODLerLINEA #BinanceAlphaAlert #AltcoinMarketRecovery #NasdaqTokenizedTradingProposal #MetaplanetBTCPurchase
