XRP Dominates Wealth Manager Presentation with High Interest and Institutional Demand
Bitwise research analysts and financial experts recently presented to about 400 wealth managers on various topics including Bitcoin, Solana, Hyperliquid, stablecoins, and tokenization. However, it was XRP that garnered the most attention from the audience.
According to Ryan Rasmussen, a Bitwise research analyst, XRP-related questions dominated the presentation, with 'a lot of interest' shown by the attendees.
The interest in XRP is also reflected in recent institutional fund flows. U.S. spot XRP exchange-traded funds recorded net inflows for 11 straight trading sessions through Tuesday, totaling about $170 million, and cumulative inflows since November last year were approximately $1.68 billion.
However, the trend has not been entirely strong, as on September 2, U.S. spot XRP ETFs posted net outflows of around $7.2 million, snapping the streak of net inflows.