Are BlackRock and JPMorgan Hoarding XRP? What Their Filings Show

Right, bull runners, XRP holders. Back in late September, a post went round saying BlackRock and JP Morgan manipulated the price of XRP so they could buy more of it on the cheap, which if it were true would explain a lot, wouldn't it? Because our coins had a rough few months. So, were BlackRock and JP Morgan hoarding your coin? Well, I went through their own filings and their own filings say nothing like it.

In fact, if you own XRP, JP Morgan's big XRP bet was 294 ETF shares in its filings for the end of June. That's it, which is mad because people pass that around as proof. So, in this one, here's who really holds your coins and it's a lot closer to home than you'd think because your coins might be sitting in someone else's wallet and you wouldn't even know it. So, stick with me because I'll get you to check this one screen on your phone and it takes about 2 minutes. And there's a link in the description, the first one that I'll come back to in a few minutes.

For a lot of people whose crypto was just sitting there, it changed how they hold it. And no, this is not me telling you to buy anything. Now, if you're new here, my name's Rory. I've been trading crypto and forex since 2020 and it's given me a full-time income and the freedom to travel the world while I do it. So, I've seen a lot of these stories come and go and this one's worth getting right because I get why people believe it.

The American XRP funds, the ETFs, have been taking money in week after week. CoinMarketCap had it at 13 weeks in a row by early October, the longest run since they launched back in November 2025. But what about the price? Well, it went the other way, didn't it? When I checked on the 14th of October, XRP was around a dollar 40, which is well under half of where it peaked back in July 2025.

So, money's going in and the price is going down. And if you're holding it, it feels like somebody's sitting on it. And I would think the same, honestly. And it doesn't help that these firms are all over your everyday money. BlackRock is the biggest money manager in the world.

So, if you've got a pension, there's a decent chance some of it sits in a BlackRock fund. And JP Morgan is America's biggest bank, the one behind Chase. And here's the bit that properly gets me. Back in October 2023, Chase in the UK, which is JP Morgan's own bank, stopped its customers buying crypto with their card or by bank transfer and said that it was about scams. And it's not just them.

A survey of UK crypto firms found banks were blocking or delaying around 40% of payments to crypto platforms. So, your own bank gets to decide whether you can move your own money, which is crazy because it's your money. So, when someone says the big banks are against us, I understand why it lands. But being against altcoin and secretly hoarding it are two very different things, aren't they? So, let's look at what they actually hold.

Like, if you're bullish, let's run it.

[music]

Hey, bull runners. Welcome back. So, BlackRock first because on the 14th of October, it told the world exactly how big it is. Here's CNBC that morning.

BlackRock shares rally, takes heavy some financials rally today. Firm's assets hit a new record of 15.5 trillion in Q3. As the manager also putting new client inflows, revenue, adjusted income all above expectations.

15 and a half trillion dollars, which is a number I can't even picture. Can you? So, how much of that is crypto? Well, about 80 billion dollars and nearly 8 billion of fresh money came over in the summer quarter. But look at where it went, straight into its Bitcoin and Ether funds.

So, where's the XRP fund in all of that? Well, there isn't one, which, if you're an XRP holder, is a bit of a kick in the teeth. When I checked on the 15th of October, BlackRock hadn't filed for an XRP ETF. And every few weeks, there's another rumor that it's about to. And if you want to know where the man at the top has his head, well, here's Larry Fink on CNBC back in July 2024.

And so, I'm a a major believer that there is a role for Bitcoin in in portfolios. I believe you're going to see that as an as a one of the asset classes that we all look at. I look at it as digital gold, as I said before.

Digital gold. He names Bitcoin, and that's exactly where BlackRock's crypto money has gone. So, could it be buying XRP quietly somewhere no filing shows it? Well, I can't prove something isn't happening, I couldn't find a single filing from or statement from BlackRock pointing that way, and believe me, I looked. And I know how that lands.

You've held through months of red. You've watched the funds take money in while your balance goes down, and then you find out the biggest money manager on the planet isn't even in our coin. Street headline gets your hopes up, and then nothing happens. It can feel like nobody's coming to save it, and you're just sat there waiting for somebody else to make the move. Am I telling you to buy XRP?

No. There may be better opportunities for your situation. But if your crypto's just sitting there doing nothing, waiting for BlackRock to turn up, that's the part you can actually change. That's what our team at Altcoin Pro does with people. They'll help you put the crypto you hold to work with full self-custody, so it stays in a wallet only you control, where it can't be flagged, frozen, or wiped out by a platform going bust.

So, click the first link in the description and watch the short video. Then press the button underneath it and fill in the short form and book your free 15-minute call, where someone on the team will look at what you actually hold. If you're watching this on your phone, just tap more underneath the video, and it's the first link you'll see. It's for you if you're holding $50,000 or more in crypto that's just sitting there. And if you're well-set up, they'll tell you that, too.

There's no hard feelings. I'd get it booked before Ripple's Swell conference in New York on the 27th of October, because whenever Ripple's on stage, the rumors about Wall Street piling in get louder, and I'd rather you had the chat before that than after. Right, JP Morgan, because this is where it gets almost funny. Every 3 months, big American investment firms have to file a form called a 13F. It's basically a list of the shares they hold and anyone can read it for free.

And back in August, JP Morgan's filing for the end of June showed 113 shares of the Bitwise XRP fund and 181 shares of the Grayscale one. That's 294 shares for one of the biggest banks on the planet and the post sharing it said, "Institutional money is here." Which is crazy, because in the same filing, JP Morgan's Bitcoin fund stake was reported about $356 million. So, that's the hoard. A few hundred shares on one side and hundreds of millions in Bitcoin on the other. So, who was the biggest bank holder of the XRP funds?

Well, in those same filings, it was Goldman Sachs with just under $19 million. And banks often hold fund shares for clients or to keep the market ticking over, not as their own bet. So, what does JP Morgan's boss think? Well, here's Jamie Dimon at Davos back in January 2024.

Cryptocurrencies, there are two types. There's a cryptocurrency which might actually do something. Think of a cryptocurrency as an embedded smart contract in it and then we can use it buy and sell real estate and move data. That may have value.

of tokenizing

Tokenizing things that that you do something with. And then there's the one which does nothing. I call it the pet rock, the Bitcoin or something like that.

So, the man running JP Morgan calls Bitcoin a pet rock. And what he likes is the plumbing moving property and data around. And that's the bit nobody posting about holding wants to hear. The biggest players aren't fighting over our coin. Most of them aren't even looking at it.

So, if nobody's sitting on the price, why does it keep going down while the funds are buying? Well, well, think of the funds as one bloke filling a bucket at the seaside. He's adding water, but the tide does what the tide does and if more people are selling than the funds are buying, the price drops. But to be fair to the people who believe it, banks really have rigged markets before. Back in September 2020, JP Morgan agreed to pay $920 million, a record at the time, over something called spoofing in gold and silver and in American government bond futures.

Here's Bloomberg explaining what that actually means.

Spoofing is kind of typically kind of flooding derivatives markets with orders that traders actually don't intend to execute in order to kind of trick other market participants to kind of move the price in a certain direction that they want them to. Um

So, fake orders to push the price where they wanted it, which is exactly what people picture happening to XRP, isn't it? So, the suspicion isn't daft. But that was gold, silver, and bond futures, and I couldn't find a single case, fine, or filing accusing BlackRock or JP Morgan of doing anything like that with XRP. A bank behaving badly before doesn't make every red candle its fault. So, if the banks aren't holding it, who is?

Well, start with the funds. When you buy an XRP ETF, you don't get any XRP. You get a share, and the actual coin sit with a custodian, which is basically a company paid to hold them. Here's an ETF boss from BNN Bloomberg back in December 2025 on why people like it that way.

And and then what we're seeing is a preference for investors to actually own these digital assets in traditional rails rather than having to worry about keys and sort of non-traditional custodial challenges.

So, rather than worry about the keys, they let someone else hold them, and for a lot of people, that's a sensible choice. But the coins aren't with you, they're with a company. And it's the same on the exchanges. When your XRP is held on an exchange, it usually isn't in a wallet with your name on it. Exchanges commonly keep loads of customers XRP together in one big address on the ledger and keep their own list of who owns what.

So, when people point at a huge wallet and say that's some whale, a lot of the time it's an exchange holding coins for thousands of ordinary people. And if your XRP is on an exchange, you're one of them. You're part of someone else's big wallet. So, here's how you find out. On your phone straight after this, open the app where your XRP sits and go to deposits or receive XRP.

If it shows you an address and a number next to it called, you know, a destination tag or sometimes a memo or a tag, that's the giveaway because that tag is basically your name badge inside the exchange's shared wallet. Everybody sends to the same address and the tag tells the exchange whose account to put it in. So, the coins aren't in a wallet you control. They're in theirs. And what you've got is a number in their records.

And if there's no tag at all, then think back to setting it up. If you were given secret recovery words to write down, it's probably yours. If you're not sure, that tells you something, too. Now, let me give you the downside straight because you deserve it. The big money just isn't choosing XRP.

BlackRock's crypto money went into Bitcoin and Ether and JP Morgan's went into mostly Bitcoin funds. And when JP Morgan wants to move money on a blockchain, it builds its own. Here's how

JP Morgan's own channel puts it. Now, there's an alternative [music] to stablecoins created with institutions in mind, deposit tokens. They're an on-chain asset issued by a bank [music] that represents deposited funds. So, they function with the added trust and security of a bank and [music] potentially collect interest.

So, a token issued by the bank itself for its own clients and XRP isn't in it. Its version JPM coin went live on base, a blockchain built by Coinbase back in November 2025. So, the big banks want the technology, they just don't need our coin to use it. And there might never be a BlackRock XRP ETF. So, if you're holding XRP because you think Wall Street's about to rescue it, I'd rather you heard that from me than found out the hard way.

So, here's where I've landed. BlackRock hasn't got an XRP fund. JP Morgan had 294 shares. Nobody I could find has been caught suppressing XRP, and a lot of those John wallets people panic about are exchanges holding coins for people like you and me. So, next time a post says the big boys rigging it, ask it one thing, where's the filing?

And the people who come out of stories like this best are the ones who sorted out where their coins sit first. One of our members, Hudio, got into crypto back in '38, and he says in his review that he took major losses by not storing his coins securely. He'd picked most of it off of YouTube on his own, right? And he says the bit that helped most was the one-to-one coaching because his coach would explain same thing a different way until he clicked. And that's exactly what we've been talking about, knowing where your coins actually are.

Everyone's situation's different, so I'm not promising you anything. But if you've got 50 grand or more in crypto that's doing nothing, the first link in the description is where to start. And the call won't cost you a penny. Let me know down in the comments, when you open that deposit screen, is there a tag on it? And if there is, are you going to leave your XRP where it is or move it?

And look, none of this is financial advice, guys. It's my take after a lot of digging. Crypto carries risk, and what's happened before is no guarantee of what comes next. So, stick with me, subscribe, and there's a new one every day. Thanks for watching, guys.

Keep your head, stack with purpose, and I'll keep you posted.

I'm a fool.

[music]

I'm a fool. I'm a fool.

[music]

I'm a fool.