Coinbase Executive: Investors Still Undecided on Top Crypto Assets Beyond Bitcoin and Ethereum
The average investor still hasn’t reached a clear consensus on which crypto assets beyond the top two warrant serious attention, according to Anthony Bassili, president of Coinbase Asset Management.
“There’s a very, very clear view in the investor community in terms of the right first portfolio is Bitcoin. The next is Bitcoin, Ethereum,” Bassili said during an interview with Cointelegraph at The Bridge conference in New York City on Wednesday.
Bassili pointed out that Solana (SOL) is “maybe” the third asset on the radar. “The market is very unsure as to what’s the next asset they want to own after that,” he explained, adding that after Solana, there is a “very wide gap” before reaching XRP (XRP).
“The fourth position is still up in the air,” Bassili continued. “We have to see the product market fit of the next network or the next application that will enter that fourth position.”
Although XRP has been praised for its execution, Bassili said investors still want to see more network velocity. “You actually need to see them being a part of the liquidity ecosystem,” he noted.
XRP ETF Hits Record Trading Volume
On Thursday, Canary Capital’s XRP ETF closed its first day with $58 million in trading volume, marking the most successful ETF debut of 2025 among both crypto and traditional ETFs.
Bassili highlighted significant progress from Ripple, including several strategic moves: acquisitions of a custodian, a stablecoin orchestration layer, and a broker-dealer. “They’re taking all the right steps,” he said. “The question is, does the market think that they’re ready to be that next top four asset?”
Related: ARK Invest resumes crypto buying spree, adds BitMine and Bullish shares
Market Dynamics: Narrative vs. Fundamentals
Bassili emphasized that while crypto markets often price assets based on narrative and speculation, a closer look at cash flows can quickly alter perceptions. “You’ll see the market doesn’t price things really well, because it starts actually becoming more realistic,” he remarked.
As investors search for the next major crypto asset after Ethereum and Solana, Bassili’s comments highlight ongoing uncertainty—and the importance of both network utility and strong fundamentals.
https://cointelegraph.com/news/crypto-market-investor-xrp-solana-bitcoin-ethereum-coinbase-exec