A new survey shared on X by SMQKE (@SMQKEDQG) on March 24, has crypto fans buzzing. It shows that institutional investors are diving deeper into digital coins. A whopping 73% of them already hold Bitcoin and Ethereum.
But they’re also eyeing altcoins like XRP. With some analysts predicting XRP could hit $10, this news is turning heads. Let’s dig into what’s driving this trend.
Big money loves Bitcoin and Ethereum
The survey lays it out plain and simple. Most investors—73% to be exact—are holding Bitcoin and Ethereum. These are the heavy hitters of crypto. They’re safe bets with big names.
But these investors aren’t stopping there. They’re branching out. Many are adding just one or two other coins to their stash. XRP is a top choice. It’s not hard to see why. XRP is known for speeding up cross-border payments.
That’s a big deal for banks and financial firms.
Why XRP ETPs are a game-changer
Here’s the juicy bit. Investors are itching to get XRP through Exchange-Traded Products, or ETPs. The survey shows that 37% prefer these regulated options. Another 42% are likely to jump on spot altcoin ETPs. Only 20% aren’t interested. ETPs make crypto feel safer for big players.
They’re regulated and easier to handle than direct coin ownership. This push for XRP ETPs could drive its price up. Some folks think XRP could soar to $8.60 or more if this keeps up.
Crypto’s New Normal: Institutions Are All In
This isn’t just about XRP. The whole crypto market is growing up. Big names like BlackRock are jumping in. They’re adding Bitcoin ETPs to their portfolios. That’s a sign of trust.
The survey also hints at better regulations. The SEC might call XRP a commodity soon. That would make investors even more comfortable. With 72% of them planning to buy more crypto, the future looks bright. XRP could see more stability and growth. If it hits $10, early believers might be sitting on a large ROI.
