XRP ETF net assets climbed 80% in the third quarter to a record $1.77 billion, according to Techub News, which cited CoinPedia. The update points to a sharp increase in assets during the quarter and marks a new all-time high for the product category.
Bitwise Chief Investment Officer Matt Hougan said institutional demand is being driven by two main factors. He pointed to financial advisers’ confidence in XRP’s long-term value as one source of demand. He also said XRP has clearer real-world use cases in areas such as stablecoins, which is helping support institutional interest.
The report did not provide a more detailed breakdown of flows, issuers, or product-level changes, but it highlighted the scale of the quarterly increase and the record asset level.
XRP ETF net assets rose 80% in the third quarter to a record $1.77 billion, according to Techub News, citing CoinPedia.
Bitwise Chief Investment Officer Matt Hougan said institutional demand is mainly coming from two factors: financial advisers’ confidence in XRP’s long-term value, and clearer practical use cases for XRP in areas such as stablecoins.
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