What ho, chaps! The old interwebs have been ablaze with a rum go about BlackRock, the financial behemoth with a wallet fatter than a Christmas goose, allegedly sneaking about and snapping up XRP through Coinbase. The tale gained traction faster than a Jeeves-driven motorcar after reports surfaced that Coinbase’s XRP reserves had dwindled by a staggering 90% in six months. Egad!
Enter Coinpedia, the sleuths of the crypto sphere, to separate the wheat from the chaff and give this yarn a thorough once-over.
Who Cooked Up This Whopper?
One “Ledger Man,” a fellow with a penchant for stirring the pot on X, claimed that Coinbase’s XRP reserves had taken a nosedive, leading to whispers that BlackRock might have hoovered up somewhere between 200 million and 400 million XRP. Good show, old bean, but let’s not jump to conclusions like a jack-in-the-box at a tea party.
The link to BlackRock, you see, stems from their partnership with Coinbase, which allows institutional types to dabble in crypto trading and custody via Coinbase Prime. But does this mean they’re filling their boots with XRP? Not so fast, my eager beavers.
Let’s crack on with the facts, shall we?
Coinpedia’s Sleuthing: What’s the Real Skinny?
No Official Nod That BlackRock’s Gone XRP Mad
As it stands, there’s not a peep from BlackRock or its top dog, Larry Fink, confirming they’ve dipped their toes into the XRP pool. Not a sausage. No evidence, no balance sheet shenanigans-nothing to see here, move along.
Coinbase Partnership: Not an XRP Shopping Spree
BlackRock and Coinbase shook hands in August 2022 to let the bigwigs fiddle with crypto custody, trading, and portfolio tools. But this doesn’t mean they’ve gone on an XRP buying binge. It’s like mistaking a teacup for a bathtub-entirely different beasts.
No XRP ETF on the Horizon, Old Sport
After the hullabaloo over Bitcoin and Ethereum ETFs, the chatter turned to when BlackRock would unleash an XRP ETF. Alas, the chaps at BlackRock have been crystal clear: “No plans, old boy, not at this juncture.”
BlackRock’s XRPL Dabbling: No XRP Required
Ripple’s teamed up with Securitize to let BlackRock’s BUIDL fund investors swap shares for RLUSD, with Securitize cozying up to the XRP Ledger. But here’s the kicker: BlackRock needn’t touch XRP to make this work. It’s like attending a dinner party without eating the canapés-perfectly possible.
The Scorecard: Coinpedia’s Evidence Against the Nonsense
| The Tall Tale | Coinpedia’s Cold Shower |
| BlackRock secretly buying XRP | Not a jot of evidence, old chap |
| XRP ETF just around the corner | No such luck, I’m afraid |
| Coinbase partnership = XRP purchase | Mere infrastructure, nothing more |
The Upshot
| Claim | Is BlackRock Buying XRP Through Coinbase? |
| Verdict | As false as a Jeeves fib |
| Coinpedia’s Take | After a thorough rummage, there’s not a scrap of proof that BlackRock’s been on an XRP shopping spree via Coinbase. The whole affair’s as speculative as Bertie Wooster’s next blunder. Until concrete evidence surfaces, this remains a load of tosh. |
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2026-02-17 11:47