Key Takeaways
- • BNY Mellon has added XRP and RLUSD to its Digital Asset Custody platform, allowing institutions to hold the assets within a traditional financial framework.
- • The article stresses that custody services alone do not create new demand, so the move does not necessarily translate into higher institutional XRP purchases.
- • US spot XRP ETFs recorded $10.42 million in net outflows on November 9, led by Bitwise's XRP ETF with $9.397 million withdrawn, despite Ripple's expanding banking and custody activity.
- • On Pluang, XRP traded at Rp19.487 as of November 10, 2026, down 2.35% over 24 hours, with order activity slightly favoring buyers at 54%.
Summary
BNY Mellon has added XRP and RLUSD to its Digital Asset Custody platform, giving institutional clients a way to store these assets within a conventional financial framework. The article notes, however, that custody access does not in itself create new purchasing demand. Its effect on institutional buying is therefore uncertain, even if it may pave the way for broader institutional involvement over time.
Ripple's expanding relationship with BNY also includes tokenized finance and RLUSD minting. According to the article, these developments may increase activity on the XRP Ledger but do not guarantee greater institutional XRP buying.
Flows into XRP exchange-traded products have been mixed. US spot XRP ETFs posted $10.42 million in net outflows on November 9, led by Bitwise's XRP ETF, which accounted for $9.397 million of withdrawals. The outflows came even as Ripple expanded its institutional banking and custody services, and the article notes that the funds still hold substantial assets overall.
Market indicators on Pluang as of November 10, 2026, 20:02 WIB showed XRP at Rp19.487, down 2.35% on the day. Market capitalization was reported at Rp1.237,41 trillion and 24-hour trading volume at Rp41,41 trillion. Order activity favored buying at 54%, and typical holding periods were around 73 days, which the article describes as steady but cautious investor interest.
Ripple's expanding relationship with BNY also includes tokenized finance and RLUSD minting. According to the article, these developments may increase activity on the XRP Ledger but do not guarantee greater institutional XRP buying.
Flows into XRP exchange-traded products have been mixed. US spot XRP ETFs posted $10.42 million in net outflows on November 9, led by Bitwise's XRP ETF, which accounted for $9.397 million of withdrawals. The outflows came even as Ripple expanded its institutional banking and custody services, and the article notes that the funds still hold substantial assets overall.
Market indicators on Pluang as of November 10, 2026, 20:02 WIB showed XRP at Rp19.487, down 2.35% on the day. Market capitalization was reported at Rp1.237,41 trillion and 24-hour trading volume at Rp41,41 trillion. Order activity favored buying at 54%, and typical holding periods were around 73 days, which the article describes as steady but cautious investor interest.
Go deeper than the headline
Research every firm in this story, track the ones that matter and get the daily briefing — free for 7 days.