XRP and SOL Have ‘Very Wide Gap’ In Market Interest, Says Exec

The average investor has not yet reached a clear consensus on which crypto assets outside of the first 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 first right wallet is Bitcoin. The next is Bitcoin, Ethereum,” said Bassili during an interview with Cointelegraph at the Bridge conference in New York City on Wednesday.

Bassili pointed out that Solana (SOL) is “perhaps” the third asset on the radar. “The market is not very sure what is the next asset they want to own next,” he said, adding that after Solana, there is a “very wide focus” with XRP (XRP).

Bassili says the fourth position is still up in the air

“We have to see the product market of the next network or the next application that will enter the fourth position,” he added.

Bassili said that despite XRP “doing a great job at execution”, investors need to see faster network. “So you really need to see them being a part of the liquidity ecosystem,” he said.

On Thursday, Canary Capital’s XRP ETF closed his first day with $58 million in business volume, mark the Most successful ETF debut of 2025 between cryptocurrencies and traditional ETFs.

Bassili pointed to significant progress on Ripple’s side, including the acquisition 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, do the market think they’re ready, you know, to be that next top four asset,” said Bassili.

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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 the perception.

“You’re going to see the market not pricing things really well, because it’s actually starting to become more realistic,” he said.

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