XRP attracted the most questions during a Bitwise presentation to roughly 400 wealth managers, according to Bitwise research analyst Ryan Rasmussen. He said the session with Bitwise chief investment officer Matt Hougan covered Bitcoin, Solana, Hyperliquid, stablecoins, tokenization and other areas, but XRP generated outsized interest from the audience.
"XRP was the most asked about throughout the presentation," Rasmussen said in a post on X. "A lot of interest."
Institutional exposure to XRP investment products has been increasing. U.S. spot XRP exchange-traded funds recorded 11 consecutive sessions of net inflows through Tuesday, bringing in about $170 million during the streak and roughly $1.68 billion since their launch in November, according to SoSoValue data. The streak was broken on Sept. 2, when U.S. spot XRP ETFs recorded net outflows of about $7.2 million. Bitcoin and Ether ETFs also saw outflows of roughly $14.3 million and $47.6 million, respectively.
Recent institutional filings also point to growing professional interest in XRP funds. Goldman Sachs was the largest disclosed institutional holder at the end of the second quarter with about $87.4 million in exposure, followed by Jane Street with $16.6 million and Millennium Management with $16.2 million, according to Bloomberg Intelligence.
Still, most wealth managers remain on the sidelines. Rasmussen said 67% of the roughly 400 participants had not yet allocated to crypto, while 60% expected crypto prices to be higher by the end of the year and another 60% said they planned to allocate to the asset class within the next year.
