Bitwise CIO Says XRP's Long Track Record Draws Financial Advisors
Matt Hougan says XRP's longevity and links to payments convince financial advisors the asset will persist.
Why it matters
The two reports describe the same firm from different angles, a promotional claim from its CIO and a flow into its XRP ETF. Whether advisor interest translates into sustained ETF inflows is not established by either account.
Key facts
Matt Hougan is chief investment officer at crypto asset manager Bitwise.
Reported by Bitcoin.com News
Hougan said XRP appeals for simple reasons and called it one of the Mount Rushmore assets in crypto.
Reported by Bitcoin.com News
Hougan said financial advisors ask whether crypto assets will persist and that XRP's track record gives them confidence it will be there in the future.
Reported by Bitcoin.com News
Hougan said financial advisors recognize XRP's connections to cross-currency transfers and liquidity.
Reported by Bitcoin.com News
Bitcoin.com reported that Hougan said confidence in XRP's longevity does not imply its price will rise.
Reported by Bitcoin.com News
U.Today reported the Bitwise purchase as the largest it has made since October began, after little to no inflows in the previous days.
Reported by U.Today
U.Today reported XRP dropped to around $1.43 after trading above $1.50 earlier in the week.
1.43 USDReported by U.Today
What happened
Matt Hougan, chief investment officer at Bitwise, said XRP's long track record and recognizable financial applications are the simple reasons the asset appeals to institutional investors and his firm's advisor audience. He called XRP one of the "Mount Rushmore assets in crypto" and said advisors who wonder whether crypto assets will persist see XRP's long history as reassurance. Hougan identified cross-currency transfers and liquidity as the established financial functions advisors associate with XRP, and said confidence in longevity does not imply the price will rise. Separately, U.Today reported from market data that Bitwise bought more than $10.55 million of XRP, its largest purchase since October began, making it the only XRP ETF to attract fresh capital in the last session while Franklin Templeton and Canary Capital recorded withdrawals. U.Today also reported XRP falling to around $1.43 from above $1.50 earlier in the week. The two accounts come from a single reporting chain and do not overlap: Bitwise has not said publicly what drove the purchase.
How the story developed
- First report
First report by Bitcoin.com News
Why XRP Appeals to Institutional Investors, Bitwise CIO Explains
- Update
Bitwise CIO comments on XRP appeal among financial advisors
Hougan cited XRP's track record, payments and liquidity links, and said longevity confidence does not imply a price rise.
- Update
Bitwise records largest XRP purchase of the month
U.Today reported over $10.55 million bought through Bitwise, the sole capital contributor among XRP ETFs that session while Franklin Templeton and Canary Capital saw withdrawals.
- Update
XRP price reverses lower
U.Today reported XRP falling to around $1.43 from above $1.50 earlier in the week.
How coverage built up
Independent sources over time, counted the way the consensus panel counts them: a republication of a wire story does not move the line.
- 5 Oct 2026, 02:01 UTC: Bitcoin.com News, official — 1 independent source, 1 reports
- 7 Oct 2026, 11:54 UTC: U.Today — 2 independent sources, 2 reports
Affected entities
Original sources
| Publisher | Report | Role | Published |
|---|---|---|---|
| Bitcoin.com News Company, official | Why XRP Appeals to Institutional Investors, Bitwise CIO Explains | Original | |
| U.Today Crypto media | Bitwise Makes Biggest XRP Purchase in October | Syndicated |
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