Ripple’s David Schwartz says he sold most of his Bitcoin, XRP, Ethereum

cryptonews11-11 14:49

Ripple CTO Emeritus David Schwartz has revealed that he reduced his cryptocurrency holdings from approximately 26 million XRP, 1,500 Bitcoin and 40,000 Ethereum to a fraction of those amounts, drawing...

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He disclosed selling 2.5 million XRP in 2025 and said his remaining cryptocurrency holdings were considerably smaller than they had been in previous years.David Sch","collect":0,"end_time":0,"defaultTopTitle":"crypto.news","property":[],"viewcount":null,"language":"en","relate_stocks":{"XRPC":"Canary XRP ETF","ETHD":"ProShares UltraShort Ether ETF","GDLC":"Grayscale CoinDesk Crypto 5 ETF","EZET":"以太坊ETF-Franklin","BKCH":"AdvisorShares Sabretooth ETF","ETHE":"最大以太坊ETF-Grayscale","YETH":"Roundhill Ether Covered Call Strategy ETF","09179":"嘉实以太币-U","XXRP":"2倍做多XRP ETF-Teucrium","XRPI":"1倍XRP ETF-Volatility Shares","ARKY":"ARK Active Autocallable Income ETF","BITW":"Bitwise 10 Crypto Index ETF","BEGS":"RAREVIEW 2X BULL CRYPTOCURRENCY & PRECIOUS METALS ETF","BTYB":"VistaShares BitBonds 5 Yr Enhanced Weekly Distribution ETF","STCE":"Schwab Crypto Thematic ETF","09042":"华夏比特币-U","BITQ":"Bitwise Crypto Industry Innovators ETF","TOXR":"21shares XRP ETF","ETTY":"Amplify Ethereum 3% Monthly Option Income Etf","BETH":"比特币&以太币期货ETF-ProShares","09046":"华夏以太币-U","XRPT":"2倍杠杆XRP ETF-Volatility Shares","BTF":"比特币&以太币期货ETF-CoinShares","ETHT":"ProShares Ultra Ether ETF","BETE":"等权重比特币&以太币期货ETF-ProShares","LFGY":"YieldMax Crypto Industry and Tech Portfolio Option Income ETF","ETU":"T-Rex 2X Long Ether Daily Target ETF","XRPZ":"Franklin XRP ETF","ETHU":"2倍以太币期货ETF-Volatility Shares","AETH":"以太坊策略ETF-Bitwise","CRPT":"First Trust SkyBridge Crypto Industry and Digital Economy ETF","OOQB":"One+One Bitcoin and Ether ETF","CETH":"以太坊ETF-21Shares","09008":"博时比特币-U","UXRP":"Proshares Ultra XRP ETF","ETHV":"以太坊ETF-VanEck","IBIT":"比特币ETF-iShares","QETH":"以太坊ETF-Invesco Galaxy","ETH":"低成本以太坊ETF-Grayscale","ETHW":"以太坊ETF-Bitwise","09009":"博时以太币-U","EETH":"以太币期货ETF-ProShares","ETHA":"以太坊ETF-iShares","09439":"嘉实比特币-U","XRP":"Bitwise XRP ETF","FETH":"以太币ETF-Fidelity"},"translate_title":"Ripple 的 David Schwartz 表示，他卖掉了大部分比特币、XRP 和以太币","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"09439":1.5,"BETE":1.5,"METHmain":1.5,"BTYB":1.5,"ETHW":1.5,"ETTY":1.5,"EZET":1.5,"IBIT":1.5,"XXRP":1.5,"FETH":1.5,"XRPT":1.5,"ETHT":1.5,"ETHU":1.5,"STCE":1.5,"09009":1.5,"09042":1.5,"CETH":1.5,"ETHD":1.5,"GDLC":1.5,"09008":1.5,"LFGY":1.5,"XRP":1.5,"BKCH":1.5,"AETH":1.5,"ETU":1.5,"CRPT":1.5,"ETHE":1.5,"BETH":1.5,"XRPI":1.5,"BITQ":1.5,"XRPZ":1.5,"BEGS":1.5,"TOXR":1.5,"ARKY":1.5,"QETH":1.5,"XRPC":1.5,"EETH":1.5,"09046":1.5,"OOQB":1.5,"ETH":1.5,"YETH":1.5,"BITW":1.5,"09179":1.5,"BTF":1.5,"UXRP":1.5,"ETHV":1.5,"ETHA":1.5},"content_text":"Ripple CTO Emeritus David Schwartz has revealed that he reduced his cryptocurrency holdings from approximately 26 million XRP, 1,500 Bitcoin and 40,000 Ethereum to a fraction of those amounts, drawing criticism from XRP holders already frustrated with the token’s falling price.\n\n\nSummary\n\n\n\nRipple CTO Emeritus David Schwartz says his XRP holdings fell from approximately 26 million to 3 million.\nSchwartz disclosed selling 2.5 million XRP in 2025 and paying around $1.7 million in capital gains tax.\nHis Bitcoin holdings reportedly fell from 1,500 BTC to one BTC, while Ethereum holdings reached six ETH.\nSchwartz says he arranges XRP sales through written plans agreed with an attorney at least 30 days beforehand.\nSome XRP investors criticized his sales as the cryptocurrency traded near $1.06 amid continued selling pressure.\n\n\n\nIn a series of posts on November 9 and 10, Schwartz explained that his sales were driven by his discomfort with financial risk. He disclosed selling 2.5 million XRP in 2025 and said his remaining cryptocurrency holdings were considerably smaller than they had been in previous years.\nMeanwhile, XRP traded near $1.06 at press time, down over 3% over 24 hours, with some community members questioning why Ripple executives have reduced their exposure while investors continue holding the token.\nDavid Schwartz reveals how much XRP, Bitcoin and Ethereum he sold\nThe discussion began on November 9 when cryptocurrency tax specialist Clinton Donnelly posted about IRS Letter 6174 notices being sent to cryptocurrency investors.\nDavid Schwartz joined the conversation, saying he had received a similar notice and considered it a routine reminder about tax compliance. A user subsequently questioned how much tax he owed after selling XRP.\nResponding to the question, Schwartz disclosed that he had sold approximately 2.5 million XRP during 2025, most of which he received in 2020 and 2023.\n\nIn 2025, I sold about 2.5 million XRP, most of which I received in 2020 and 2023. I paid approximately $1.7 million in capital gains tax on those sales.— David 'JoelKatz' Schwartz (@JoelKatz) November 9, 2026\n\nHe said those transactions resulted in approximately $1.7 million in capital gains tax.\nThe discussion later turned to his remaining cryptocurrency holdings, prompting Schwartz to provide figures showing how much his portfolio had changed.\n\n“It’s not a secret. I think I’m down from a high of around 26 million XRP to around 3 million XRP,” he wrote.\n\nHe added that his Bitcoin holdings had fallen from approximately 1,500 BTC to one BTC, while Ethereum holdings declined from around 40,000 ETH to six ETH.\nRipple executive explains why he reduced his cryptocurrency holdings\nSchwartz has repeatedly attributed his selling decisions to a personal preference for avoiding financial risk, despite acknowledging that some of his earlier sales meant missing substantial gains.\n“I haven’t bought XRP in a long time. I am very uncomfortable with risk and have sold nearly all of the digital assets I’ve ever held,” he wrote.\nHe explained that he still owns a considerable amount of Ripple stock, adding that the investment alone represents more financial risk than he would prefer.\nHis remarks follow a July discussion about earlier sales, when he acknowledged regretting selling XRP around $0.10 and Ethereum near $1.\nAt the time, Schwartz explained that he had reached an agreement with his wife to sell cryptocurrency whenever prices reached new all-time highs.\n“Obviously, I wish I hadn’t done those things,” he said in July, while maintaining that his discomfort with risk had influenced the decisions.\nMore recently, Schwartz explained that he follows a written trading procedure whenever he sells XRP.\nIn a November 9 response, he said each sale is arranged through an attorney at least 30 days before execution.\nThe procedure, he explained, is intended to prevent accusations that he trades using nonpublic information, including knowledge of potential XRP Ledger bugs.\nSchwartz did not indicate whether Ripple requires other executives to follow similar procedures.\nXRP community questions Schwartz’s sales as token falls\nThe disclosures have renewed criticism among XRP supporters, particularly those who believe Ripple’s leadership should demonstrate confidence in the cryptocurrency through personal holdings.\nAn X account named LinkTOAD General circulated Schwartz’s comments while describing him as Ripple’s founder and claiming he had sold nearly all his XRP.\nHowever, Schwartz is a co-architect of the XRP Ledger and a former Ripple CTO, and his disclosed holdings show that he still owns approximately 3 million XRP.\nThe account subsequently criticized XRP Ledger adoption, arguing that investors should consider whether the network’s commercial activity supports its valuation.\nThe reaction follows criticism Schwartz faced on November 7, when investors questioned his responsibility for XRP’s prolonged price decline.\nAsked whether he had any influence over XRP prices, Schwartz acknowledged that his involvement might have some effect but described it as limited.\nMeanwhile, XRP has continued struggling with selling pressure. The token’s latest decline toward $1.06 coincided with withdrawals from US spot XRP exchange-traded funds.\nThose funds recorded approximately $10.42 million in net outflows on November 9, with Bitwise accounting for most of the withdrawals.\nRipple’s executive trading rules remain unclear\nSchwartz’s comments provide some information about his personal approach to selling XRP, but they do not establish whether Ripple maintains a company-wide policy governing executive cryptocurrency transactions.\nSchwartz stepped away from his day-to-day CTO responsibilities at the end of 2025 and became CTO Emeritus, although he remains connected to Ripple and the XRP Ledger community.\nIn May, he described his remaining exposure as concentrated in XRP and Ripple equity, explaining that the position had not been entirely planned.\n\n\n\n\n\n                Read more:\n            \n\n                Across Protocol restores website after phishing attack, $350K in estimated losses","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":false,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"isLaohu8Offline":false,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.53.0","shortVersion":"4.53.0","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2682755263","isCrawlerRequest":true}