Xaif (@Xaif_Crypto) posted a striking message on X showing a transaction of 11.64 million XRP sent to Coinbase. The image he shared detailed a successful transfer from a private account to Coinbase’s wallet. His post appeared as activity around XRP increased following the launch of new spot ETFs . Xaif tied the activity to previous comments made by industry analyst Chad Steingraber. He argued that movements of this size into Coinbase should not be treated as random. With Coinbase acting as the main custodian for asset managers, he sees the transfer as institutions placing XRP into cold storage for ETFs. As @ChadSteingraber said when you see 11.64M $XRP getting moved into Coinbase, it’s no coincidence. With Coinbase as the primary custodian for asset managers, this is institutions stacking XRP straight into cold storage. https://t.co/O7qOgQzFP4 pic.twitter.com/RtIW3YOhxN — Xaif Crypto| (@Xaif_Crypto) November 28, 2025 ETF Growth Changes XRP Custody ETFs have gained significant attention over the past few weeks. These products allow asset managers to gain exposure through regulated markets rather than direct exchange trading. Since their launch, these products have seen major inflows , with investors rapidly joining the XRP market. The launch of XRP ETFs changed how XRP moves through the market. Funds must hold the asset with a regulated custodian. Coinbase fills that role for most major asset managers in the U.S. That setup explains why large amounts of XRP are now flowing into Coinbase wallets. These transfers do not signal selling pressure. They point to custody. Tokens sent in for ETF backing move into cold storage. Chad Steingraber had earlier explained this pattern. He said large Coinbase inflows often reflect institutional positioning rather than normal exchange use. Xaif’s post echoed that view and added clear transaction data as support. We are on X, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) June 15, 2025 The Impact of Cold Storage Once XRP enters cold storage , it leaves the active trading pool. These tokens are not placed on order books. They are held for long periods to back ETF shares. This process has already reduced the amount of XRP available on exchanges. Public data shows exchange balances are declining . That trend has slowed supply while ETF demand grows. The 11.64 million XRP transfer Xaif shared fits neatly into this picture. It reflects how ETFs change both custody and circulation. Each new fund purchase removes more XRP from liquid markets. The transfer Xaif highlighted does not stand alone. Large token movements have appeared in recent weeks. Together, they show a system forming behind the ETFs. Asset managers do not trade in and out daily. They accumulate and hold. As these products expand, more XRP will shift into long-term storage. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on X , Facebook , Telegram , and Google News The post Institutions Using Coinbase to Stack XRP Into Cold Storage? Here’s the Latest appeared first on Times Tabloid .
