Important Ripple (XRP) Revalation: Some Banks Are Stacking
Despite recent price fluctuations, Ripple's XRP is experiencing a consistent surge in institutional inflows, with the latest data revealing $0.5M in inflows...
- Ripple's XRP is experiencing a consistent surge in institutional inflows.
- A recent report from the Basel Committee on Banking Supervision (BCBS) reveals that 19 leading banks have collectively invested €9.4 billion in various crypto assets, with XRP being a favorite.
- XRP constitutes about 2% of the total exposure, positioning it as the third-largest altcoin in the banks' reported commitments.
- Bitcoin (BTC) and Ethereum (ETH) remain the dominant coins in the banks' crypto investments, with BTC accounting for 31% and ETH for 22%.
- Other popular cryptocurrencies in the portfolios of these financial institutions include Polkadot (DOT), Cardano (ADA), Solana (SOL), and Litecoin (LTC).
- XRP saw inflows of $0.5M, while Cardano (ADA) and Litecoin (LTC) also saw positive inflows.
The sentiment of the article is generally positive, highlighting the consistent surge in institutional inflows for Ripple's XRP and the growing interest and acceptance of cryptocurrencies within the banking sector.