The post Ripple News: XRP Joins Bitwise 10 Index, Signaling Mainstream Adoption appeared first on Coinpedia Fintech News
XRP got a big boost after Bitwise Asset Management added it to its Bitwise 10 Crypto Index Fund (BITW). This fund, listed on the regulated NYSE Arca exchange, lets traditional investors invest in the top 10 cryptocurrencies without buying them directly.
XRP now makes up 5.17% of the fund, making it the third-largest holding after Bitcoin and Ethereum. This move shows growing confidence from institutional investors and strengthens XRP’s role in mainstream crypto portfolios.
Signals of Mainstream Adoption
XRP’s presence in BITW reflects crypto’s shift from niche markets into mainstream finance. Multi-asset ETFs like BITW provide investors with a regulated way to diversify across top-performing cryptocurrencies. Monthly rebalancing ensures that only the strongest assets are included, emphasizing XRP’s growing relevance as the market matures.
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XRP ETF Milestones
XRP’s momentum is further supported by the launch of U.S. spot-based XRP ETFs, which quickly reached $1 billion in assets under management, the fastest after Ethereum. Ripple CEO Brad Garlinghouse highlighted that these ETFs are attracting increasing interest from traditional investors, reinforcing XRP’s institutional appeal and signaling broader market adoption.
XRP Price, Technical Outlook
XRP is currently consolidating in the mid-$2 range. Short-term indicators show limited strength, but the $1.90–$2.00 support zone provides a solid floor. Traders will look for a breakout above $2.22–$2.30 to confirm upward momentum. With growing institutional backing, XRP could have the catalyst needed for a sustained move higher.
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FAQs
The Bitwise 10 Crypto Index Fund (BITW) is an exchange-traded fund that provides diversified exposure to the crypto market by holding the 10 largest cryptocurrencies, including Bitcoin, Ethereum, and XRP.It functions similarly to a traditional index fund for the crypto sector, offering a single investment vehicle instead of purchasing each asset individually
XRP is included in the BITW fund as the third-largest holding, with a 5.17% allocation. It is part of the fund’s 90% allocation to assets that are also held by existing, approved single-coin exchange-traded products, a status granted due to its clear regulatory standing
Inclusion in a regulated index fund like BITW broadens XRP’s investor base, providing access for traditional investors who use standard brokerage and retirement accounts. This legitimizes XRP as a mainstream asset, creates steady institutional demand, and helps stabilize its position in the crypto market.
Yes, you can buy shares of the Bitwise 10 Crypto Index ETF (BITW) through a regular brokerage account, as it is listed and trades on the regulated NYSE Arca exchange
