Search results for Ryan Rasmussen
Crypto
Bitwise says 15 institutions did not sell bitcoin even after halving; sovereign wealth funds also buy after selling gold
Major institutional investors did not sell during bitcoin\'s sharp correction from $125,000 to $60,000, and some increased holdings, Bitwise research head Ryan Rasmussen said. In Bitwise interviews with 15 institutions, none sold as prices fell. Rasmussen cited portfolio allocations such as Wells Fargo at around 2 to 3 percent and cases of 2 to 8 percent at Fidelity and BlackRock. He also pointed to weekly spot bitcoin ETF net inflows of about $2.5 billion and said some sovereign wealth funds sold gold to buy bitcoin.
Crypto
Bitwise says XRP most-asked-about crypto at financial adviser meetings
XRP was the cryptocurrency that drew the most questions at a briefing for financial advisers, Bitwise research analyst Ryan Rasmussen said. He said questions about XRP dominated a presentation to about 400 advisers that also covered bitcoin, Solana, Hyperliquid, stablecoins and tokenisation. U.S. spot XRP exchange-traded funds recorded 11 straight sessions of net inflows through Tuesday before posting an outflow on Sept. 2. Disclosures also showed Goldman Sachs had the largest XRP exposure among reporting institutions.
Crypto
Bitwise says bitcoin needs repricing; $1 million is only a baseline
Asset manager Bitwise interprets bitcoin\'s recent strength as a direct beneficiary of geopolitical instability and said $1 million could become a long-term baseline price. Matt Hougan and Ryan Rasmussen argued bitcoin rose during risk-off periods, citing moves after Feb. 28. Bitwise said demand for neutral, non-sovereign money is increasing as the global financial system fractures and as non-dollar settlement channels expand.
