#XRPETF Could this be the moment smart money rewrites its playbook?
A recent Grayscale report comparing several of its crypto holdings shows that BTC and XRP have turned a profit, while ETH and DOGE have contributed to losses.
According to the report, Ethereum and Dogecoin slumped 47% and 42.2%, respectively, over the past year.
Meanwhile, Bitcoin and XRP delivered gains of 0.4% and 6.1%, cementing their positions as top performers.
This type of market sentiment often dictates potential market movements, as retail and other institutional investors use it as a guide to decide where to channel their next investments.
AMBCrypto, meanwhile, has analyzed why these individual assets rank as either top performers or underperformers within Grayscale’s portfolio.
Bitcoin has remained a major point of attraction in the crypto market.
Over the past few months, it has drawn heightened institutional interest, particularly following the approval of Spot Bitcoin Exchange-Traded Funds (ETFs), which now boast a total asset under management (AUM) of $110.3 billion, according to CoinGlass.
Following Donald Trump’s inauguration, discussions around a federal Bitcoin strategic reserve resurfaced, further fueling institutional appetite.
For XRP, its growth has been influenced by the team’s approach to reaching a settlement with the U.S. Securities and Exchange Commission (SEC) over a years-long legal battle on whether XRP is a security.
In addition, Ripple’s focus on growth, including the launch of its own stablecoin, as well as several acquisitions and partnerships, has played a significant role in its market rally.