XRP Sees Institutional Interest Amid Broader Crypto Bull Run

Bitwise's head of research, Ryan Rasmussen, suggests that the current digital asset market may be in its early stages of a broader bull run. According to Rasmussen, rising ETF flows and fresh capital entering the sector are key drivers behind this trend. He noted that significant inflows have reached a range of crypto investment products, including assets like Hyperliquid and XRP.

Rasmussen emphasized that demand is not limited to the largest cryptocurrencies, such as Bitcoin and Ethereum, but also extends to altcoins and emerging projects. This expansion of market participation and confidence is seen in the positive performance of crypto-related equities.

When discussing the spread of investment across the cryptocurrency market, Rasmussen specifically included XRP as one of the altcoins now attracting greater institutional interest. However, he stopped short of predicting a standalone XRP rally and instead framed the asset's outlook within the context of the entire digital asset sector.