XRP Presentation Attracts Most Interest from 400 Wealth Managers

XRP emerged as the cryptocurrency that received the most questions during a presentation attended by approximately 400 wealth managers. Bitwise research analyst Ryan Rasmussen noted that topics such as Bitcoin, Solana, Hyperliquid, stablecoins, and tokenization were discussed, but the most intense interest was directed towards XRP. Participants reportedly asked detailed questions specifically about XRP. This indicates that institutional interest is not limited to investment products alone, as portfolio managers are also beginning to monitor the topic more closely. Spot XRP exchange-traded funds (ETFs) traded in the U.S. recorded net inflows for 11 consecutive trading days up until Tuesday, with approximately $170 million entering the funds during this period. Since the launch in November, total net inflows have reached $1.68 billion. However, this streak ended on September 2, when a net outflow of about $7.2 million was observed that day. At the end of the second quarter, the largest institutional XRP position was held by Goldman Sachs, amounting to $87.4 million. Jane Street followed with a position of $16.6 million, and Millennium Management came next with $16.2 million. However, it was noted that 67% of the attendees had not yet allocated to cryptocurrencies. 60% of participants expect cryptocurrency prices to be at higher levels by the end of the year.