Grayscale Execs Cut Exposure to XRP, Solana, and Chainlink ETFs

Senior leaders linked to Grayscale and its parent company, Digital Currency Group, have cut back their holdings in several major crypto exchange-traded funds (ETFs) including XRP.

This comes as many investors are shifting massive capital away from digital assets into safer options like gold and silver.

Grayscale Leaders Reduce XRP and Solana ETF Holdings

Grayscale chairman Barry Silbert and CLO Craig Salm have trimmed their holdings in the Grayscale XRP Trust ETF. This was disclosed in a recent filings with the United States Securities and Exchange Commission (SEC)

Silbert sold 9,158 shares, while Salm sold 7,123 shares of the same product. In addition to these executive sales, DCG International Investments sold 3,000 shares of the Grayscale XRP Trust on January 26. 

The firm originally acquired these shares in September 2024 through a privately negotiated cash transaction with the issuer. These combined actions point to a measured reduction in exposure to XRP-linked investment products at the group level.

DCG International Investments also reduced its stake in the Grayscale’s newly launched Solana Staking ETF. The firm sold 18,862 shares, which it had also acquired in September 2024. This sale did not stand alone. 

Over the past three months, DCG International Investments liquidated its Solana ETF holdings on two separate occasions. 

DCG Cuts Chainlink ETF Holdings as Crypto ETF Inflows Slow

Digital Currency Group also disclosed a reduction in its holdings of the Grayscale Chainlink Trust ETF. The company sold 2,822 shares, which it had acquired through privately negotiated transactions in September 2023 and October 2024.

These sales are notable because they happened even as Chainlink saw several positive developments. Bitwise recently launched a Chainlink-focused ETF, and CME announced plans to launch Chainlink futures. 

Both moves are meant to make it easier for big investors to invest, but selling has still stayed high. Despite the selling and falling prices, Solana and XRP ETFs still continue to attract fresh capital. 

However, the pace of the inflows have slowed down. On January 26, spot XRP ETFs saw $7.76 million in inflows, while spot Solana ETFs received $2.46 million. This shows there is still interest, but it is weaker than before.

Crypto Prices Slip as Selling Pressure Stays Strong

Prices across these assets are showing weakness. XRP lost earlier gains and fell to $1.88, trading between $1.88 and $1.94 in the past 24 hours. Market data still points to strong selling pressure.

Solana also slipped, dropping nearly 1% in the last day to around $123.56. Its price moved between $122.28 and $125.06. Likewise, its trading activity fell by almost 45%, showing lower short-term interest.

Chainlink stayed under pressure too, trading at $11.87. It moved between $11.79 and $12.10 during the day, with trading volume down by 42%.