XRP raises the benefit from the wealth management team by billions of dollars

Ryan Rasmussen, head of research at BitWise Invest open The “wealth management team in billions of dollars” is interested in allocating XRP in their customers’ portfolios, along with some other cryptocurrencies such as Bitcoin (BTC) and ETHEREUM (ETH).

However, he personally possesses these symbols, they cannot do this now because of the lack of approval.

He said: “In their personal accounts, they own Bitcoin, Ethereum, Solana, XRP, and more. But they cannot allocate any of their clients. They want it, but they are not allowed to do so.”

Last year, the encryption industry made great progress in institutional adoption, as SEC agreed to a large number of money that Bitcoin and Ethereum (ETFS) was swept away.

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Rasmussen has noticed that some commitment/due care teams in large wealth management companies have not yet agreed to these products despite the fact that Bitcoin’s investment funds were launched more than a year ago.

XRP has also made big in terms of institutional adoption with multiple instant ETF applications in the United States. like It was mentioned by u.todayCME Group also on the right track to launch future contracts for the largest encrypted currency.

According to Polymarket Bettors, XRP ETF has an 80 % chance for approval this year. This is likely to serve as a blessing to adopt the distinctive symbol because institutional players will be able to easily access to XRP.

Other symbols, such as Solana (Sol) and Litecoin (LTC), are also among the top candidates for their trading investment funds.