Bitwise prepares for an XRP spot ETF launch amid its growing confidence in the asset’s future.
Matt Hougan, Bitwise CIO, cited XRP’s resilience and strong community.
Hougan disclosed there would be ETFs for other altcoins as well.
The race for crypto spot ETFs is heating up, with Bitwise Asset Management making waves as it positions itself for an XRP spot ETF launch. The move confirms confidence in XRP’s future, especially as Ripple’s prolonged legal battle with the SEC nears its end.
During a recent appearance on the Thinking Crypto Podcast, Matt Hougan, Bitwise’s CIO, discussed the firm’s decision to launch an XRP ETF even before the U.S. presidential election.
Hougan highlighted XRP’s resilience, describing the asset as having “proven itself over a long period” with a strong community and advanced technology at its core.
Moreover, he pointed out that XRP is attracting attention from traditional financial institutions, with Société Générale recently integrating its stablecoin into the XRP Ledger. Notably, Société Générale announced the introduction of its EUR stablecoin, EURCV, to XRPL after similar integrations with Ethereum and Sol…
The post XRP ‘Ready for Unleashing’ Post-SEC, Says Bitwise Exec, as Firm Gears Up for XRP ETF Launch appeared first on Coin Edition.
