Wealthy Family Offices and ETFs Drive Hidden XRP Accumulation, CEO Says
Reports and statements from Jake Claver, CEO of Digital Ascension Group, indicate that some ultra-wealthy family offices are quietly accumulating XRP alongside large inflows into new XRP exchange-traded funds (ETFs). Anecdotal accounts include an overheard conversation suggesting sizeable family holdings. ETF data show over 400 million XRP moved off exchanges into ETFs, with reported inflows above $887 million and assets near $906 million since launch. On-chain metrics point to rising activity: XRP ledger velocity hit a yearly high (0.0324), major whale transfers were observed, and about half of ~7 million wallets hold under 100 XRP, a concentration that could magnify price moves. Price has traded near $2.06, with traders watching whether ETF demand and large private purchases will push further upside. Key things to monitor: ETF flows, on-chain velocity and whale movements, and any public family-office allocations. Primary keywords: XRP, XRP ETF, family office accumulation, on-chain velocity. Secondary keywords: whale transfers, ETF inflows, institutional adoption.
Bullish
The news is classified as bullish because multiple demand signals are converging. Large ETF inflows physically remove supply from exchanges, which reduces liquidity available to sellers and historically supports upward pressure on price. Anecdotal reports of wealthy family offices accumulating add an extra layer of private demand; if true and sustained, such buys can create durable support. The on-chain velocity spike and whale transfers indicate active repositioning and higher circulation, which often precede significant moves when paired with net inflows. Short-term effects: increased volatility as traders react to whale movements and ETF flow reports; potential quick rallies if buyers keep absorbing available supply. Long-term effects: if ETFs maintain inflows and institutions (including family offices) continue allocations, XRP could see a more sustained appreciation and narrower free float on exchanges, improving the token’s structural bid. Risks and caveats: the family-office evidence is anecdotal and not yet publicly verifiable; velocity spikes can also accompany sell-side distribution; regulatory, legal, or macro shocks could offset bullish signals. In past episodes (e.g., ETF-driven rallies for other coins), large product inflows combined with concentrated accumulation have produced strong medium-term price gains, but with intermittent sharp pullbacks. Traders should monitor ETF net flows, exchange balances, large wallet movements, and any public confirmations from institutional allocators to validate the trend.