XRP News: Major Banks Increase Holdings of XRP, Exchange Supply Drops to Multi-Year Low
2026-08-01 14:58:32
According to CoinMeta, Italy's largest bank Intesa Sanpaolo disclosed in its latest SEC 13F filing that it holds 712,000 shares of Grayscale XRP trusts, with an investment value of approximately $18 million. The bank holds nearly $235 million in crypto-related investments, which accounts for about 6% to 7% of its digital asset portfolio. Several financial institutions, including Goldman Sachs, Morgan Stanley, Millennium, and Citadel, have reported their holdings of XRP through exchange-traded products. According to Glassnode data, the reserve volume of XRP on the top 10 crypto exchanges has decreased from about 4 billion to around 1.6-1.7 billion, indicating that an increasing number of investors are moving their holdings to private wallets. U.S. spot XRP ETF recorded a net inflow of nearly $6 million on July 30, with Bitwise and Franklin Templeton leading the day's inflows.
Bullish 0
Bearish 0
Source:Coinpedia
This content is for market information only and does not constitute investment advice.