XRP (Ripple) Ranks First in Questions from 400 Asset Managers...Are Big Investors Making Moves?

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XRP was named the most-asked-about cryptocurrency at a Bitwise event attended by approximately 400 asset managers.

According to U.Today on September 3 (local time), Bitwise Research Analyst Ryan Rasmussen stated that interest in XRP was prominent among approximately 400 asset managers who attended the event. Rasmussen and Bitwise Chief Investment Officer Matt Hougan covered topics such as Bitcoin (BTC), Solana (SOL), Hyperliquid (HYPE), stablecoins, and tokenization. Rasmussen commented, “Questions about XRP were the most frequent throughout the presentation,” adding, “The interest was significant.”

Interest was also evident in XRP spot ETF fund flows. The US XRP spot ETF recorded net inflows for 11 consecutive trading days until the 1st. During this period, inflows amounted to approximately $170 million. Since its launch in November last year, cumulative net inflows have totaled approximately $1.68 billion.

However, the streak of consecutive net inflows stopped on the 2nd. Approximately $7.2 million flowed out of the XRP spot ETF. On the same day, net outflows of approximately $14.3 million and $47.6 million were recorded from Bitcoin spot ETFs and Ethereum (ETH) spot ETFs, respectively.

Holdings of XRP spot ETFs by major financial institutions are also being confirmed. According to Bloomberg Intelligence, Goldman Sachs held approximately $87.4 million at the end of the second quarter, making it the largest among disclosed institutional investors. Jane Street followed with $16.6 million, and Millennium Management with $16.2 million.

However, the actual investment proportion is still low. Among the approximately 400 event attendees, 67% stated that they had not allocated funds to cryptocurrencies. In contrast, 60% expected cryptocurrency prices to rise by the end of the year. The percentage who planned to invest in cryptocurrencies within the next year was also 60%. Rasmussen's survey results indicate that while questions about XRP are increasing in the asset management industry, actual investment expansion is still in its early stages.

[Article Key Summary]

-XRP was named the most-asked-about cryptocurrency at a Bitwise event attended by approximately 400 asset managers.

-The XRP spot ETF attracted approximately $170 million during 11 consecutive trading days of net inflows, with cumulative net inflows of approximately $1.68 billion since its launch.

-67% of attendees have not yet invested in cryptocurrencies, but 60% stated they plan to invest within the next year.

*Disclaimer: This article is for investment reference only, and we are not responsible for any investment losses based on it. The content should be interpreted for informational purposes only.*