Bitwise CIO: XRP Appeals to Institutions on Track Record and Real-World Use
- —Hougan called XRP one of crypto's established major assets
- —He cited cross-currency transfers, liquidity and stablecoins as key draws
- —XRP ETF net assets rose 80% in Q3 to a record $1.77 billion
- —By Oct. 2, XRP ETF assets fell to $1.658 billion after a $3.28 million outflow
Why it matters: Institutional demand for XRP is supported by ETFs and clear financial use cases, but inflows have yet to keep fund assets from declining.
Source: Bitcoin.com