Grayscale insiders are promoting their XRP and Solana (SOL) holdings amid the current $5 billion crypto market crash. Both prime altcoins noticed important worth falls as institutional buyers lower holdings in spot XRP and Solana ETFs.
Grayscale-Linked Firms Sell XRP and Solana Holdings
The newest US SEC filings reveal that Digital Currency Group (DCG) and DCG International Investments Ltd are promoting their holdings within the Grayscale XRP Trust (GXRP) and Grayscale Solana Staking Trust (GSOL).
These transactions, reported through Form 144 notices, spotlight ongoing changes by insiders amid the latest crypto market crash. This comes regardless of broader market dynamics exhibiting various investor sentiment towards 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 diminished holdings in XRP and Solana ETFs.
Digital Currency Group Offloads Grayscale Solana Staking ETF Holdings
Digital Currency Group (DCG) bought 15,000 shares of the Grayscale Solana Staking ETF (GSOL) for $115,440. The approximate sale date was February 2, executed by way of Canaccord Genuity Inc.
The shares had been acquired in January 2025 by way of a privately negotiated money transaction. Notably, Grayscale’s mother or father, DCG, bought 26,000 shares of the Grayscale Solana Staking ETF over the previous week. SOL worth crashed 16% every week to fall under $100.
Grayscale Solana Staking ETF noticed outflows for 4 consecutive buying and selling days, inflicting buyers to show bearish. GSOL Solana ETF recorded $5.5 million in internet outflows. On Monday, spot Solana ETFs noticed $5.5 million in inflows, with GSOL recording zero inflows, in line with Farside Investors data.
DCG International Investments’ Massive Cuts in Grayscale XRP ETF (GXRP)
In addition, DCG International Investments Ltd bought 3,620 shares of Grayscale XRP ETF (GXRP) shares value $115,070. The sale was additionally executed on February 2 by way of dealer Canaccord Genuity Corp.
The shares had been initially acquired in September 2024 through a privately negotiated transaction with the issuer for money. Last week, DCG International Investments Ltd bought 15,000 GXRP shares as XRP worth dropped under $1.60.
This comes as spot XRP ETFs recorded the most important outflow of $92.92 million, with $98.39 million in redemptions from the Grayscale XRP ETF. On Monday, spot XRP ETFs noticed $404.69K in internet outflows. 21Shares XRP ETF (TOXR) noticed 949.09K in redemptions.
