XRP was named as the cryptocurrency that received the most questions at briefings for wealth managers.

On Sept. 3, blockchain outlet U.Today reported that Bitwise research analyst Ryan Rasmussen (라이언 라스무센) said XRP-related questions came up most often during a presentation to about 400 wealth managers.

Rasmussen and Bitwise Chief Investment Officer Matt Hougan (맷 호건) took part in the presentation. They covered topics including bitcoin, Solana, Hyperliquid, stablecoins and tokenisation, but the audience’s attention was most focused on XRP. In a post on X, Rasmussen said, "XRP was asked about the most throughout the presentation," adding, "There was a lot of interest."

That interest also aligns with recent institutional fund flows. U.S. spot XRP exchange-traded funds recorded net inflows for 11 straight trading sessions through Tuesday. Inflows totalled about $170 million in that period, and cumulative inflows since the products launched in November last year were tallied at about $1.68 billion.

But the recent trend has not been one-sidedly strong. On Sept. 2, U.S. spot XRP ETFs posted net outflows of about $7.2 million, snapping the streak of net inflows. On the same day, bitcoin ETFs and ethereum ETFs also recorded net outflows of about $14.3 million and about $47.6 million, respectively.

Disclosures of institutional holdings also showed an expansion of XRP exposure. Among disclosed institutional investors as of the end of the second quarter, Goldman Sachs showed the largest XRP investment exposure at about $87.4 million. Jane Street followed with $16.6 million, and Millennium Management with $16.2 million.

That does not mean the wealth management industry as a whole has already moved aggressively into XRP or crypto investing. Rasmussen said 67 percent of the roughly 400 attendees had not yet allocated funds to cryptocurrencies. That suggests many wealth managers are showing interest but postponing actual inclusion.

By contrast, views on price prospects and intentions to allocate were relatively high. Some 60 percent of attendees expected crypto prices to be higher by year-end. Another 60 percent said they planned to allocate funds to the asset class within the next year.

Against that backdrop, XRP appears to be moving beyond retail-focused interest to become a subject of review in the wealth management industry. Rasmussen’s comment that "There was a lot of interest," together with ETF inflows and disclosed holdings by major financial firms, shows demand for XRP-related investment continues. But actual allocations remain limited, leaving the question of when wealth managers’ wait-and-see stance turns into real investment as the next point to watch.