XRP Shines Bright in Institutional Meetings

Bitget's recent presentation to wealth managers revealed that XRP is gaining traction among institutional investors. The token was the most asked-about during the meeting, indicating a growing interest in its investment potential.

Roughly 67% of the participants did not yet allocate to crypto, but 60% expected prices to be higher by the end of the year and planned to do so within the next year. This shows that while some wealth managers are still hesitant to invest, many see promise in the asset class.

U.S. spot XRP exchange-traded funds have recorded 11 consecutive sessions of net inflows, bringing in about $170 million during this time and approximately $1.68 billion since their launch in November. However, the latest session saw a net outflow of around $7.2 million.

Goldman Sachs is the largest disclosed institutional holder of XRP, 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.