# XRP : 20% of Institutions Eye Ripple Investments – E&Y Survey Unveils
- A striking 90% of companies have unwavering faith in the long-term potential of cryptocurrency, betting big on its future.
- Leading the charge, 98% of institutions are backing BTC, with 78% diving into ETH and 24% adding SOL to their portfolios.
- An impressive 80% of institutional investors see crypto as a cornerstone for portfolio diversification, highlighting its growing role in the financial landscape.
- Although 37% have already made direct crypto investments, a significant number are gearing up to channel funds into exchange-traded products like ETFs and ETPs.
This insightful survey, conducted among 277 institutional investors from across the globe—including the U.S., Europe, Canada, Asia, and Latin America—paints a dynamic picture of the evolving crypto market.