With Donald Trump winning the U.S. presidential election, positive developments are expected for Bitcoin and altcoins. One of the most important is the approval of various altcoin ETFs beyond Bitcoin (BTC) and Ethereum (ETH).
At this point, while Solana and XRP ETFs are at the forefront, Bitwise Chief Information Officer Matt Hougan made significant statements regarding XRP.
Bitwise Chief Information Officer Matt Hougan stated in an interview on the Thinking Crypto podcast that the true potential of XRP has yet to be discovered due to its legal battle with the U.S. Securities and Exchange Commission (SEC).
Matt Hougan stated that XRP has untapped potential, and he believes XRP will receive ETF approval.
Hougan added that he believes if the ongoing regulatory issues are resolved, XRP can fully realize its potential.
When asked about Bitwise's decision to seek an XRP ETF before the U.S. election, Hougan pointed out the immense potential of XRP.
This famous name emphasizes his belief in XRP and states:
"Bitwise believes in the potential of XRP and believes it will ultimately be recognized. That is why they applied for the XRP ETF.
Bitwise is not doing this for fun; we apply because we believe it is a way to bring the product to market.
The SEC lawsuit limits the potential of Ripple and XRP. Ripple's situation can be described as 'operating with hands tied behind their back.'
As XRP has already attracted the attention of many Wall Street firms, imagine what XRP could do if the SEC disregards Ripple and XRP.
Bitwise becomes the first company to apply for a spot XRP ETF, and Canary Capital has also applied for an XRP ETF.
This article is for reference only and does not constitute investment advice.
