The post Grayscale Insiders Are Quietly Selling XRP and Solana amid ETF Outflows: Report appeared on BitcoinEthereumNews.com. Grayscale insiders are selling theirThe post Grayscale Insiders Are Quietly Selling XRP and Solana amid ETF Outflows: Report appeared on BitcoinEthereumNews.com. Grayscale insiders are selling their

Grayscale Insiders Are Quietly Selling XRP and Solana amid ETF Outflows: Report

2 min read

Grayscale insiders are selling their XRP and Solana (SOL) holdings amid the recent $5 billion crypto market crash. Both top altcoins saw significant price falls as institutional investors cut holdings in spot XRP and Solana ETFs.

Grayscale-Linked Firms Sell XRP and Solana Holdings

The latest US SEC filings reveal that Digital Currency Group (DCG) and DCG International Investments Ltd are selling their holdings in the Grayscale XRP Trust (GXRP) and Grayscale Solana Staking Trust (GSOL).

These transactions, reported via Form 144 notices, highlight ongoing adjustments by insiders amid the latest crypto market crash. This comes despite broader market dynamics showing varied investor sentiment toward altcoin ETFs.

As CoinGape reported earlier, Grayscale executives Chairman Barry Silbert and Chief Legal Officer Craig Salm trimmed XRP, Solana, and Chainlink holdings. Moreover, DCG reduced holdings in XRP and Solana ETFs.

Digital Currency Group Offloads Grayscale Solana Staking ETF Holdings

Digital Currency Group (DCG) sold 15,000 shares of the Grayscale Solana Staking ETF (GSOL) for $115,440. The approximate sale date was February 2, executed through Canaccord Genuity Inc.

The shares were acquired in January 2025 through a privately negotiated cash transaction. Notably, Grayscale’s parent, DCG, sold 26,000 shares of the Grayscale Solana Staking ETF over the past week. SOL price crashed 16% a week to fall below $100.

Digital Currency Group (DCG) Sold GSOL Shares. Source: US SEC

Grayscale Solana Staking ETF saw outflows for four consecutive trading days, causing investors to turn bearish. GSOL Solana ETF recorded $5.5 million in net outflows. On Monday, spot Solana ETFs saw $5.5 million in inflows, with GSOL recording zero inflows, according to Farside Investors data.

DCG International Investments’ Massive Cuts in Grayscale XRP ETF (GXRP)

In addition, DCG International Investments Ltd sold 3,620 shares of Grayscale XRP ETF (GXRP) shares worth $115,070. The sale was also executed on February 2 through broker Canaccord Genuity Corp.

The shares were originally acquired in September 2024 via a privately negotiated transaction with the issuer for cash. Last week, DCG International Investments Ltd sold 15,000 GXRP shares as XRP price dropped below $1.60.

DCG International Investments Sold GXRP Shares. Source: US SEC

This comes as spot XRP ETFs recorded the largest outflow of $92.92 million, with $98.39 million in redemptions from the Grayscale XRP ETF. On Monday, spot XRP ETFs saw $404.69K in net outflows. 21Shares XRP ETF (TOXR) saw 949.09K in redemptions.

Source: https://coingape.com/grayscale-insiders-are-quietly-selling-xrp-and-solana-amid-etf-outflows-report/

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