Coinbase's XRP Holdings Drop to 132 Million Amid BlackRock Partnership
ByAinvest
Monday, Sep 8, 2025 3:43 am ET1min read
BLK--
The reduction in XRP holdings on Coinbase has been attributed to several factors. Firstly, the decrease in demand for XRP derivatives has led to a significant drop in the asset's visibility on the exchange. Secondly, the partnership with BlackRock has enabled institutional clients to access XRP directly, potentially leading to the transfer of XRP to these clients [2].
The shift in XRP's visibility on Coinbase may also be a result of the asset's increased utility in cross-border payments and its potential inclusion in exchange-traded funds (ETFs). The SEC's 2025 reclassification of XRP as a digital commodity has removed regulatory uncertainty, spurring 11 XRP ETF applications and projecting potential inflows of $4.3–$8.4 billion by October 2025 [3].
The reduction in XRP holdings on Coinbase has placed the exchange at a competitive disadvantage in the XRP derivatives market. However, this strategic reallocation may position XRP as a bridge between crypto and traditional finance, aligning with broader institutional adoption trends [2].
Investors should closely monitor key market-moving factors such as BlackRock's strategic moves, potential XRP ETF approvals, and Ripple's periodic escrow releases. While Coinbase has not abandoned XRP entirely, continuing to support trading and custody, the reduction in reserves reflects a strategic reallocation rather than a full exit.
References:
[1] https://www.tradingview.com/news/u_today:22f3c5142094b:0-only-10-coinbase-xrp-wallets-left-after-83-decrease/
[2] https://www.ainvest.com/news/xrp-news-today-coinbase-xrp-cut-sparks-institutional-shift-liquidity-strategy-2509/
[3] https://www.ainvest.com/news/strategic-shift-xrp-holdings-coinbase-blackrock-institutional-adoption-2509/
COIN--
XRP--
Coinbase's XRP holdings have decreased to 132 million, with eight cold wallets remaining. This decline may be related to Coinbase's partnership with BlackRock, which provides institutional clients with direct access to crypto, including XRP. It is possible that all XRP is being transferred to BlackRock's clients.
Coinbase's XRP holdings have significantly decreased, with the exchange now holding approximately 132 million XRP, a reduction of 83% since June 2025 [1]. This decline is notable as it reflects a strategic reallocation of the asset towards institutional investors, potentially through Coinbase's partnership with BlackRock.The reduction in XRP holdings on Coinbase has been attributed to several factors. Firstly, the decrease in demand for XRP derivatives has led to a significant drop in the asset's visibility on the exchange. Secondly, the partnership with BlackRock has enabled institutional clients to access XRP directly, potentially leading to the transfer of XRP to these clients [2].
The shift in XRP's visibility on Coinbase may also be a result of the asset's increased utility in cross-border payments and its potential inclusion in exchange-traded funds (ETFs). The SEC's 2025 reclassification of XRP as a digital commodity has removed regulatory uncertainty, spurring 11 XRP ETF applications and projecting potential inflows of $4.3–$8.4 billion by October 2025 [3].
The reduction in XRP holdings on Coinbase has placed the exchange at a competitive disadvantage in the XRP derivatives market. However, this strategic reallocation may position XRP as a bridge between crypto and traditional finance, aligning with broader institutional adoption trends [2].
Investors should closely monitor key market-moving factors such as BlackRock's strategic moves, potential XRP ETF approvals, and Ripple's periodic escrow releases. While Coinbase has not abandoned XRP entirely, continuing to support trading and custody, the reduction in reserves reflects a strategic reallocation rather than a full exit.
References:
[1] https://www.tradingview.com/news/u_today:22f3c5142094b:0-only-10-coinbase-xrp-wallets-left-after-83-decrease/
[2] https://www.ainvest.com/news/xrp-news-today-coinbase-xrp-cut-sparks-institutional-shift-liquidity-strategy-2509/
[3] https://www.ainvest.com/news/strategic-shift-xrp-holdings-coinbase-blackrock-institutional-adoption-2509/
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