#bitwise #XRP #SEC #Xrp🔥 $XRP #ETF
Bitwise Asset Management is preparing to launch the first XRP-based ETF. Matt Hougan, Bitwise's Chief Investment Officer, presented an optimistic vision for the asset's future during an interview on the Thinking Crypto podcast.Key aspects:
The firm plans to launch the ETF before the US presidential election
XRP is gaining prominence in traditional finance, exemplified by Société Générale's EURCV stablecoin integration with XRP Ledger
Bitwise believes in XRP's potential post-SEC litigation
According to Hougan, XRP has proven its worth over the years, boasting a strong community and advanced technology. The company expects XRP's true potential to be unleashed within the next year, particularly after the SEC court case resolution.The Bitwise director also suggested that the market might expect more altcoin-based ETFs, though he acknowledged that the regulatory process for these might be more complex than for Bitcoin and Ethereum.
