Bitwise CIO Drops Major XRP Insight

Bitwise CIO Matt Hougan revealed a key turning point for XRP during an XSpaces chat with Eleanor Terrett — one that could reshape its long-term outlook.

⭐ Institutional Access Changes Everything

Hougan said XRP’s fixed supply makes its new Bitwise XRP ETF (NYSE: XRP) a powerful catalyst. For years, big financial advisors asked for XRP exposure but lacked a regulated investment vehicle. Now they have one — and Hougan claims XRP repeatedly comes up in his 15,000 annual institutional meetings.

⭐ A Finite Asset With Built-In Scarcity

XRP’s supply was fully pre-mined at 100 billion, with no new tokens ever created. A small amount is burned with every transaction, adding incremental scarcity. Bitwise sees this as a core strength: more institutional buyers + fixed supply = upward price pressure.

⭐ Strong ETF Launch Despite Headwinds

The fund pulled in about $25 million in first-day trading volume.

Bitwise seeded it with spot XRP (custodied by Coinbase) to ensure physical backing and waived the 0.34% fee for the first month on up to $500M AUM to accelerate adoption.

⭐ Why It Matters

Opening a regulated pathway gives trillions in advisor-managed capital access to XRP for the first time. Combined with a capped supply, this could create a strong, sustained demand engine and mark XRP’s move from speculative token to a maturing, institution-ready asset.

⭐ Risks

Demand must actually materialize. Large holders could sell into strength, rival ETFs may split inflows, and broader crypto or regulatory turmoil could slow momentum.

⭐ Bottom Line

Hougan’s comments suggest the Bitwise XRP ETF could be a major catalyst — not just for price, but for XRP’s legitimacy in traditional finance.