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Institutions Favor XRP Over Solana: Insights from Coinbase and EY

Institutions Favor XRP Over Solana: Insights from Coinbase and EY

In crypto markets, views from institutions shape trends. A survey from Coinbase and EY-Parthenon asked 352 investors. The report shows that investors favor XRP more than Solana. In January, 34% of them chose XRP while 30% chose Solana. XRP leads as an asset linked with Ripple Labs.

Bitcoin and Ethereum rule the investments. Institutions hold these coins in many products such as ETFs. Many firms now add more coins. They choose XRP and Solana as their top altcoins.

Investors keep their portfolios small. Most hold one or two coins beyond Bitcoin and Ethereum. This pattern shows care when choosing altcoins. Risk and unclear rules concern many buyers.

Access to XRP and Solana remains a challenge. Many asset firms ask for ETFs. The approval stays uncertain. Close links to digital wallets match the choice of 29% of respondents.

Location does not change the choice of altcoins. Buyers around the world pick XRP and Solana. New ETF news may not shift their plans soon. Still, 68% of investors plan to buy single crypto-asset products that use XRP and Solana.

Rules affect XRP more than Solana. Analysts see new U.S. leadership as a chance for XRP. Ripple Labs faces challenges with the SEC. Many investors call for clear rules. Fifty-three percent stress the need to label coins as either commodities or securities. Clear rules may help market growth.

The SEC formed a Crypto Task Force to set guidelines. A bill in Congress may split work between the SEC and CFTC. This effort may set a clearer space for coin investments.

The survey from Coinbase and EY-Parthenon shows a growing tilt for XRP. The market stays in a state of change. Soon, buying coins may become simpler. Institutions may then feel more sure in their steps.

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