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Is the XRP ETF about to become a reality? Bitwise CIO speaks out!
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Matt Hougan, Bitwise CIO, has just revealed: The XRP spot ETF is making significant progress!
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The SEC has started reviewing Bitwise's application since October 2024, with a decision expected in the next 6 months. Probability of approval? 65% according to Bloomberg!
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Why is it noteworthy?
Bitwise, Grayscale, and WisdomTree are racing to bring the XRP ETF to market.
Legal ruling: XRP is not a security, paving the way for approval.
The Trump administration is crypto-friendly + a new task force led by Hester Peirce.
If successful, the XRP ETF could attract $800 million in the first week, pushing XRP prices to soar!
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Challenge: The SEC remains cautious, and the lack of regulated XRP futures could slow progress.
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Great opportunity for XRP! With a strong community and institutional capital ready, XRP is at a turning point. Stay tuned!
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