The buzz around an $XRP Exchange-Traded Fund (ETF) is growing louder! 🔥 Recently, CBOE filed the 19b for Bitwise’s XRP ETF, along with other major players seeking approval. Matt Hougan, CIO at Bitwise, shared insights on this during an interview with Thinking Crypto, highlighting both challenges and progress.
💡 What’s the status?
✅ Multiple issuers are refiling applications – a sign that the SEC is open to discussions.
✅ The approval process remains uncertain but promising.
✅ The SEC might take a slow but accommodating approach.
🗣️ “Even a pro-crypto SEC is likely to take their time… But we believe the SEC wants to help investors access these assets through ETPs,” – Matt Hougan.
🔥 Why does it matter?
Historically, ETFs launch when a regulated futures market exists (think Gold & BTC). XRP doesn’t need one, but it could play a role in SEC approval.
🚀 With increasing institutional interest, is XRP ETF the next catalyst for mass adoption? Drop your thoughts below! 👇
