XRP's Sell Side Takes the Spotlight as ETFs Bleed and a Ripple Veteran Downsizes
Published on 11/11/2026 at 18:02 | Editorial boerse-global.de
David Schwartz, Ripple's CTO emeritus, has disclosed a sweeping reduction of his digital asset holdings, revealing that his personal XRP stash has shrunk from a peak of roughly 26 million tokens to about 3 million. The disclosure, made across Monday and Tuesday, also included his statement that he has not purchased any XRP in a long time.
The numbers behind the wind-down are specific. Schwartz said he sold approximately 2.5 million XRP in 2025 and paid about USD 1.7 million in capital gains tax on those transactions. He further noted that he has sold nearly all the digital assets he once held. For investors trying to parse the remarks, the timing matters: the quantified sales refer to past transactions, while the remaining balance reflects where his holdings stand now.
Fund outflows pile up on consecutive days
Institutional channels told a similarly defensive story. US spot XRP ETFs recorded net outflows of USD 10.4216 million on Monday, with Bitwise's XRP ETF accounting for USD 9.3972 million of that total — the bulk of the day's withdrawals. Canary and 21Shares products also saw money leave.
The bleeding continued the following day. A further USD 7.62 million exited the funds, marking a second straight session of net redemptions. Grayscale's GXRP shouldered most of it at USD 7.17 million, while Canary Capital's XRPC also recorded withdrawals. A return to sustained inflows would be needed before this corner of the market can offer much support to a recovery.
Should investors sell immediately? Or is it worth buying XRP?
Leverage washout amplified the slide
Forced selling in derivatives added pressure on top of the fund redemptions. On Sunday, nearly USD 39 million worth of leveraged long XRP positions were liquidated, against just about USD 366,000 in short positions — a lopsided split that shows how heavily traders had been positioned for upside when the market turned.
Open interest in XRP futures fell faster than the price itself, a pattern consistent with positions being unwound in the derivatives market. A more durable stabilization would require both waning selling pressure and firmer demand.
A broader retreat from risk
The backdrop was hardly supportive. Technology stocks slid on Monday, led by Nvidia, and cryptocurrencies came under pressure alongside them. Reuters reported investor concerns that a Democrat-controlled Congress could tighten crypto regulation. Sentiment took a further hit from the security incident at Binance; the exchange said on November 3 that it would absorb the financial consequences itself and not pass losses on to users — a pledge that addresses customer impact but did little to calm the wider market mood.
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A long-range technical counterweight
Against all this, the XRP Ledger Foundation's proposed protocol plan for 2027 includes quantum-resistant accounts built on the ML-DSA-44 signature scheme. Ripple's roadmap, according to media reports, targets readiness against quantum risks by 2028. That gives XRP a very different horizon to weigh: near-term capital exits on one side, long-dated technical work on the other, with the latter's significance hinging on whether the proposed safeguards are actually implemented.
Near term, demand is the variable that matters. ETF redemptions and the unwinding of leveraged bets together explain a good part of the selling pressure — reverse the fund flows and let the broader risk-off wave subside, and the picture would look considerably friendlier.
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