24/7 Cryptocurrency News

BCBS Report: Banks Invest $10.27 Billion in Crypto, XRP Emerges as Top Altcoin

Banks invest billions in crypto assets, with XRP emerging as a standout choice. BTC and ETH dominate, but diverse altcoins gain traction.
BCBS Report: Banks Invest $10.27 Billion in Crypto, XRP Emerges as Top Altcoin

In a remarkable development in the banking and cryptocurrency sectors, 19 prominent banks across North America, Europe, and other regions have reported substantial investments in various crypto assets. According to a recent Basel Committee on Banking Supervision (BCBS) report, these banks have collectively disclosed €9.4 billion, approximately $10.27 billion, in crypto asset exposures. 

Advertisement

XRP Gains Notable Attention

Among the diverse range of cryptocurrencies, XRP stands out, having secured a significant position in the investment portfolios of these banks. The BCBS report indicates that XRP, a major altcoin, constitutes about 2% of the total exposure, amounting to €188 million or $205 million. This investment positions XRP as the third largest altcoin in the banks’ reported commitments, highlighting its emerging prominence in the crypto market.

Advertisement

Dominance of Bitcoin and Ethereum

The BCBS’s findings further reveal that most banks’ crypto investments are concentrated in Bitcoin (BTC) and Ethereum (ETH). These two cryptocurrencies dominate the exposure, with BTC accounting for 31% and ETH for 22%. Investment vehicles that track BTC and ETH also represent a significant portion, comprising 25% and 10%, respectively. This data reflects the sustained confidence in these leading cryptocurrencies and the evolving strategies of banks in the digital asset arena.

Advertisement

Other Cryptocurrencies in the Mix

Additionally, the report lists other notable cryptocurrencies that have garnered attention from these financial institutions. This list includes Polkadot (DOT), Cardano (ADA), Solana (SOL), Litecoin (LTC), and Stellar (XLM), each contributing to the diversified crypto portfolio of these banks. Despite their smaller percentages compared to BTC and ETH, their inclusion indicates a broadening interest and acceptance of various digital assets within the banking sector.

Read Also: Banco Santander Offers Bitcoin & Ethereum Trading In Switzerland

Advertisement

Share
Kelvin Munene Murithi

Kelvin Munene is a crypto and finance journalist with over 5 years of experience, offering in-depth market analysis and expert commentary . With a Bachelor's degree in Journalism and Actuarial Science from Mount Kenya University, Kelvin is known for his meticulous research and strong writing skills, particularly in cryptocurrency, blockchain, and financial markets. His work has been featured across top industry publications such as Coingape, Cryptobasic, MetaNews, Cryptotimes, Coinedition, TheCoinrepublic, Cryptotale, and Analytics Insight among others, where he consistently provides timely updates and insightful content. Kelvin’s focus lies in uncovering emerging trends in the crypto space, delivering factual and data-driven analyses that help readers make informed decisions. His expertise extends across market cycles, technological innovations, and regulatory shifts that shape the crypto landscape. Beyond his professional achievements, Kelvin has a passion for chess, traveling, and exploring new adventures.

Why trust CoinGape: CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journalists and analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.

Recent Posts

  • 24/7 Cryptocurrency News

‘Every Crypto ETF You Can Imagine’: Expert Predicts Flurry of Filings After REX-Osprey’s 21 Applications

Nate Geraci, president of Novadius Wealth Management, has predicted that several crypto ETF filings could…

October 4, 2025
  • Bitcoin News

Robinhood Lists Strategy’s Bitcoin-Backed Stocks, Boosting Saylor’s BTC Credit Model

Bitcoin-backed stocks of Strategy can now be accessed on Robinhood. This represents a significant move…

October 4, 2025
  • Bitcoin News

Bitcoin ETFs See 2025 Record Weekly Inflows of $3.2B as BTC Eyes New ATH

The Bitcoin ETFs have seen a huge turnaround this week, recording their largest weekly inflows…

October 4, 2025
  • 24/7 Cryptocurrency News

Expert Predicts SHIB Rally as Shiba Inu Restores Shibarium After $4M Hack Shutdown

Shiba Inu’s Layer 2 network, Shibarium, has returned online following a $4 million exploit that…

October 4, 2025
  • 24/7 Cryptocurrency News

FLOKI Makes History With First ETP in Europe as Price Surges 30%

FLOKI has announced the launch of the first BNB chain exchange-traded product (ETP) in Europe.…

October 4, 2025
  • 24/7 Cryptocurrency News

BNB Rally to $1,300 Will Continue As Binance Hits Crucial Q3 Milestone, Says Expert

Binance Coin (BNB), the native cryptocurrency of BNB Chain, has surged another 8% today, moving…

October 4, 2025