Ripple (XRP) is drawing market attention as it has been included in a cryptocurrency carry fund for institutional investors recently launched by asset management firm Bitwise. In particular, the fund applies a blockchain-based tokenization structure and aims to connect traditional finance with the DeFi ecosystem, which is expected to positively expand the utility of XRP.

The Bitwise fund, which now includes XRP, is managed at a scale of approximately $259 million. Alongside major digital assets such as Bitcoin (BTC), Ethereum (ETH), and Solana (SOL), XRP was listed as a core constituent asset. The industry analyzes that XRP is solidifying its position in major institution-centric portfolios.

The most notable feature of this fund is its tokenization method. Eligible investors can use the fund tokens as collateral assets within the DeFi ecosystem while maintaining their investment exposure to the underlying asset. Amid the recent trend of breaking down boundaries between traditional finance and blockchain finance, the inclusion of XRP in an institutional investment product is evaluated as a positive signal.

Bitwise management has consistently emphasized that institutional investors' accessibility to digital assets is rapidly improving. The market also forecasts that the inclusion of XRP, in tandem with the expansion of the exchange-traded fund (ETF) market and the growth trend of tokenized finance, will lead to the expansion of its mid- to long-term demand base.

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