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Trending: BlackRock Just Bought $1.86 Billion XRP?

Trending: BlackRock Just Bought $1.86 Billion XRP?

  • BlackRock’s portfolio shows only 5.267 XRP, not $1.86 billion.
  • Rumors about BlackRock’s XRP purchase stemmed from an edited screenshot contrasting actual holdings.
  • Arkham Intelligence data clarifies BlackRock’s true crypto investments, debunking rumors.

The crypto community was recently set abuzz after a post from The Crypto Bull and other top crypto influencers on X claimed that BlackRock, the world’s largest asset management firm, had added $1.86 billion worth of XRP to its portfolio.


The post spread quickly, leading many to speculate that this massive purchase could signal growing institutional interest in Ripple’s cryptocurrency. However, a closer look at BlackRock’s actual holdings reveals a different story.



Fact Check: Arkham Intelligence Data Shows a Different Picture

According to data from Arkham Intelligence, a platform offering detailed on-chain data for institutional crypto portfolios, BlackRock’s crypto holdings include far less XRP than claimed on social media.


The data shows that BlackRock holds only 5.267 XRP, valued at $10.32—a stark contrast to the reported $1.86 billion purchase. While BlackRock does hold significant positions in cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH), totalling $83.9 billion, XRP is not a major part of its portfolio, as some had speculated.


Also Read: A Breakout From This Will Send XRP Parabolic – What Most People Are Missing


The rumors stemmed from an edited screenshot showing a substantial portion of XRP in the portfolio, contrasting actual figures from on-chain data. While the firm has shown interest in digital assets, including large stakes in Bitcoin and Ethereum, XRP does not appear in the substantial quantities that were reported. As per Arkham Intelligence’s data, BlackRock’s true portfolio reflects a focus on other assets such as BTC, ETH, IMAGE, SPX, and others, which are a larger part of their holdings.


The Importance of Verifying Crypto Claims

This situation highlights the need for caution when assessing claims about institutional investments in cryptocurrencies. The rapid spread of misinformation can easily spark unnecessary hype, especially when the figures involved are as large as $1.86 billion. By relying on credible sources such as Arkham Intelligence, the crypto community can avoid falling prey to rumors and ensure that information is properly verified.


At present, BlackRock’s actual holdings show no indication of such a large investment in XRP, and the firm’s diversified portfolio continues to focus on other digital assets. As institutional interest in cryptocurrency grows, investors and enthusiasts need to rely on accurate data when interpreting such developments.


Also Read: Cardano’s CEO Slams Ripple’s CEO Over Crypto Bill Support – Major Fallout!