Ripple: 20% Institutional Investors Hold XRP, Study Confirms
The cryptocurrency market has several kinds of investors, including retail, institutional, and whales. While retail investors include the average Joe, institutional investors are bigger firms. Institutional Investment in XRP: A Comprehensive Analysis According to a recent study conducted by international strategic consulting firm EY-Parthenon, more than 20% of institutional investors admitted to investing in XRP . Study Participants and Demographics 277 institutional investors, including portfolio managers, CEOs, and COOs, participated in the study. The respondents were asset owners, hedge funds, wealth managers, family offices, and asset managers. EY report on corporate crypto investment in'24 (May). About 80% of respondents were US & EMEA. Among current holders, #XRP holdings ticked up to just above 20%.https://t.co/CgQpQL6f34 pic.twitter.com/APIUByJcQ9 — WrathofKahneman (@WKahneman) August 25, 2024 At least 147 of them were from the United States, and about 90 respondents we...