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.
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.
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 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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