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XRP's long track record and financial uses boost institutional investor confidence, says Bitwise CIO.

Market News
04 Oct 2026
Bitcoin
View Source
Bullish
XRP's long track record and financial uses boost institutional investor confidence, says Bitwise CIO.

Matt Hougan, CIO of Bitwise, highlights XRP's appeal to institutional investors due to its established history and practical financial applications like cross-currency transfers and liquidity. Advisors value XRP's durability and its integration into real-world financial services, which builds confidence in its longevity despite price fluctuations. The growth in XRP ETF assets to a record $1.77 billion in Q3 2026 shows rising institutional interest, although recent slight declines reflect market price changes. Ripple's efforts to obtain a bank charter also add to XRP's credibility among advisors.

XRP is trading at Rp27.250 on Pluang as of Oct 05, 2026 09:21 WIB, showing a 1-day gain of 2.47%. The market cap stands at Rp1.721,23 trillion with a 24-hour trading volume of Rp26,39 trillion. Pluang data also shows a strong buy interest with 80% of order activity favoring purchases and a typical hold time of 71 days, indicating steady investor confidence.

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