The average investor still hasn’t reached a clear consensus on which crypto assets outside of the top two deserve serious attention, according to Anthony Bassili, president of Coinbase Asset Management.
“There is a very, very clear view in the investor community that the real first portfolio is Bitcoin. Next is Bitcoin, Ethereum,” Bassili said during an interview with Cointelegraph at The Bridge conference in New York on Wednesday.
Bassili pointed out that Solana ( SOL ) is “maybe” the third asset on the radar. “The market is very uncertain as to what the next asset they want to own after that,” he said, adding that after Solana there is a “very big gap” with XRP ( XRP ).
Bassili says the fourth position is still up in the air
“We have to see how the product market fits the next network or the next app that will come into that fourth slot,” he added.
Bassili said that despite XRP “doing a great job at execution,” investors need to see faster network speeds. “So you really have to see them as part of the liquidity ecosystem,” he said.
On Thursday, Canary Capital’s XRP ETF closed its first day with $58 million in trading volume, marking the most successful 2025 ETF debut among crypto and traditional ETFs.
Bassili highlighted significant progress on the Ripple side, including the acquisitions of a custodian, a stablecoin orchestration layer, and a broker-dealer.
Bassili says XRP is “taking all the right steps”
“So they’re taking all the right steps. The question is, you know, does the market think they’re ready to, you know, be that next top four asset,” Bassili said.
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Bassili emphasized that while crypto markets often price assets based on narrative and speculation, a closer look at cash flows can quickly change perceptions.
“You’re going to see the market not pricing things very well, because it’s actually starting to become more realistic,” he said.
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