- Bitwise CEO predicts billions will flow into crypto sparking growth.
- XRP’s new ETFs attract millions signaling strong institutional interest.
- Wealth managers poised to embrace crypto reshaping the financial landscape.
Bitwise CEO Hunter Horsley has predicted that U.S. wealth managers will soon direct billions of dollars into the cryptocurrency market, fueling a significant market surge. Wealth managers control over $30 trillion in assets, making them a dominant force in the financial world.
Horsley believes that these vast pools of capital are finally poised to enter the crypto space as regulatory barriers ease and the infrastructure to support crypto investments improves.
Historically, wealth managers have been unable to include cryptocurrencies in their portfolios due to legal and compliance restrictions. However, the launch of Bitcoin ETFs in early 2024 has provided a clear route for institutional investors to access digital assets.
While the adoption has been slow, Horsley sees this gradual integration as a healthy and sustainable process for long-term growth.
Also Read: Bitcoin’s Bullish Outlook Mirrors ISM Manufacturing PMI Cycle, Experts Say
Institutional Shift Toward Digital Assets
This shift in how wealth managers approach cryptocurrency is seen as a positive sign for the entire industry. As more institutional investors embrace crypto, the market is expected to stabilize and grow.
Wealth managers, who have traditionally been hesitant to invest in digital assets, are increasingly recognizing crypto’s potential as a legitimate asset class. As these managers gain more exposure to the market, they will play a key role in fostering the maturation of the crypto space.
With trillions of dollars in assets under management, wealth managers are set to become one of the most influential drivers of growth in the crypto market. This shift represents a turning point in the financial sector, as digital assets gain mainstream acceptance.
XRP’s Spot ETFs Gaining Traction
XRP’s spot ETFs have garnered significant interest recently, with the newly launched Grayscale and Franklin Templeton XRP ETFs attracting impressive inflows. Grayscale’s XRP ETF alone has raised $67.36 million in total net assets, with $29.81 million coming from recent inflows.
In the last 24 hours, the ETF saw a +0.55% increase in daily change, signaling strong market confidence. This growing institutional interest in XRP reflects the increasing legitimacy of digital assets in mainstream finance.
Also Read: Trending: Franklin Templeton’s Bullish Comment on XRP Sparks Mixed Reactions
