BlackRock attracts investors' interest by purchasing XRP through Coinbase
Source: CoinWorld
Time: 2025-09-13 18:10:08
Recent on-chain data show that Coinbase has reduced its XRP cold wallet number from 52 to 7 in three months, shifting 16.5 million XRP in the past 24 hours. There are speculations that these transfers are related to BlackRock’s institutional custody through Coinbase’s Aladdin platform, although BlackRock denies filing any XRP ETF applications with the SEC. Analysts believe these changes reflect strategic positioning rather than market sell-offs, which has sparked interest from investors in a broader trend of institutional adoption.