BlackRock XRP purchase speculation has been reaching new heights after on-chain data revealed some pretty massive XRP movements from Coinbase cold storage wallets. The world’s largest asset manager actually uses Coinbase for XRP custody through its Aladdin platform, and this has been fueling BlackRock Coinbase Ripple XRP Bitcoin discussions across the cryptocurrency market. With around 16.5 million XRP moved recently, investors are questioning whether this BlackRock XRP purchase represents institutional positioning ahead of potential ETF filings.
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XRP BlackRock Moves Raise Investor Interest Amid Crypto Market Shifts
Coinbase Cold Wallet Data Reveals Major Custody Changes
Coinbase’s XRP cold wallet count has dropped from 52 to just 7 wallets over three months. Even more, 16.5 million XRP was moved in the past 24 hours alone. This BlackRock XRP purchase speculation intensified as on-chain analytics showed systematic wallet reductions rather than random market sales.
The exchange previously maintained ten wallets with 26.8 million XRP each along with 42 wallets containing 16.5 million XRP each back in June. Right now, only seven cold wallets remain with 16.5 million XRP each. These movements have actually been linked to institutional custody transfers involving BlackRock Coinbase Ripple XRP Bitcoin relationships.
BlackRock Custody Services Drive Market Speculation
BlackRock receives XRP custody services from Coinbase for institutional clients through its Aladdin platform. However, the company has not announced plans for a spot XRP ETF. Despite this BlackRock XRP purchase speculation, official sources maintain no ETF filing exists.
A BlackRock spokesperson stated:
“No such product has been filed with the SEC.”
Crypto analyst Crypto X AiMan addressed the custody movements, noting that the reduction connects to BlackRock rather than market dumping. His analysis suggests these BlackRock Coinbase Ripple XRP Bitcoin movements represent strategic positioning rather than sell pressure.
The analyst had this to say:
“Coinbase is not dumping the coin, despite claims circulating within the community. The reduction is more likely linked to BlackRock.”
Market Impact and Institutional Adoption Patterns
The amount of XRP that Coinbase owns has evolved to 199 million tokens as of Q2 2025 since containing 780.13 million tokens at Q2 2025, and a 57% cut in August alone. These rumors about BlackRock XRP buys have led the charge in the crystallization of some great market interest. Investors track the custody trends on some key institutional indicators.
The SEC has also received eight more asset managers with spot XRP ETFs, and there is an indication that more filings may happen going forward based on the BlackRock Coinbase Ripple XRP Bitcoin connection. The movements of custody represents the operational rebalancing and not the direct liquidation of market based on several key industry analysts. When this was written, the relationship between decreased Coinbase ownership and this possible BlackRock purchase XRP will not be affirmed. However, the magnitude indicates institutional involvement.
The market capital of XRP has made it one of the most appealing cryptocurrences to be used by institutions, in conjunction with various strategic BlackRock Coinbase Ripple XRP Bitcoin strategies.
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Recent custody transfers between Coinbase and BlackRock have transformed BlackRock XRP purchase speculation, but official confirmation has not been obtained. The methodical, systematic cutting of wallets, and the adhered to BlackRock Ripple XRP Coinbase Bitcoin alliances indicate institutional positioning, yet the investors must check the official announcements instead of using only speculations.