Crypto
XRP ETF Hits Record-High Net Assets of $1.77 Billion Amid Institutional Demand
XRP Exchange-Traded Fund (ETF) net assets have reached an all-time high of $1.77 billion, marking an impressive 80% growth in just one quarter.
This significant increase has been attributed to two key factors: financial advisors' growing confidence in XRP's staying power and its real-world use cases.
According to Bitwise CIO Matt Hougan, these advisors are drawn to XRP because of its clear applications in stablecoins and cross-currency liquidity, making it easier for them to understand and recommend.