[ad_1]
While investors in the cryptocurrency market are divided into institutional and retail investors, retail investors turn to riskier assets to earn more money in a shorter time.
On the other hand, institutional investors, which are large companies, prefer to invest in riskier and larger cryptocurrencies.
XRP Interest Is Increasing!
At this point, in the latest survey conducted by EY-Parthenon, the strategic advisory arm of international consultancy firm Ernst & Young (E&Y), more than 20 percent of institutional investors admitted to investing in XRP.
The survey included 277 institutional investors, including COOs, CEOs and portfolio managers located in the U.S., Europe, Canada, Asia and Latin America. Respondents represented wealth managers, family offices, traditional asset managers, hedge funds and asset owners.
While 98% of respondents said they invested in Bitcoin (BTC), 78% in Ethereum (ETH), and 24% in Solana (SOL), 57% of respondents said they invested in cryptocurrencies other than Bitcoin and Ethereum.
According to the survey results, 68% of family offices prefer to invest in alternative cryptocurrencies such as Ripple (XRP).
The Transition from USDT to USDC is Accelerating!
In addition, the survey results showed that as institutions moved away from Tether (USDT), USDC dominance increased and there was a change in the stablecoin market.
According to the results, while the preference for USDC increased, the USDT market share of institutional investors decreased from 42% in 2023 to 35% in 2024.
*This is not investment advice.
[ad_2]
