XRP Recognized as a Blue Chip Asset in STOXX Digital Asset Blue Chip Index
2025-07-10 15:59:38
Main Idea
XRP has been recognized as a blue chip asset in the STOXX Digital Asset Blue Chip Index, highlighting its institutional relevance and operational viability.
Key Points
1. XRP is included in the STOXX Digital Asset Blue Chip Index, ranking third in the weighted basket of digital assets approved for institutional investment.
2. The STOXX index applies rigorous criteria including quality, network activity, and sector-based classification, with XRP categorized under the 'payment coin' subsector.
3. As of March 15, 2024, XRP holds an 11.71% weight in the index, behind Bitcoin (30%) and Ethereum (30%).
4. The index is designed for institutional investors seeking exposure to high-quality digital assets, positioning XRP as a dependable and mature asset.
5. A crypto researcher noted that XRP's blue chip status is earned through its utility, not hype.
Description
Crypto researcher SMQKE highlighted a significant recognition of XRP in a recent post, citing its inclusion in the STOXX Digital Asset Blue Chip Index. The STOXX index, as SMQKE explained, identifies “blue chip” cryptocurrencies by applying rigorous criteria, including quality, network activity, technological robustness, and financial strength. According to the published index data, XRP is ranked third in the weighted basket of digital assets approved for institutional investment. DIGITAL ASSET ...
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