As Initial Steps Are Taken for XRP ETF, Bitwise Reveals Its Expectations! "Within Six Months..."

Expectations for altcoin ETFs are increasing with Donald Trump's presidency and the new SEC management, while the possibility of an XRP ETF is closely monitored.

Matt Hougan, Chief Investment Officer at Bitwise, which has also filed for an XRP ETF application, recently evaluated the approval potential of XRP ETFs and provided information about the current situation.

Matt Hougan, who pointed out the fluctuating existence in XRP ETFs, said that the new companies' XRP ETF applications increased the chance of SEC approving XRP and other altcoin ETFs.

As discussions about altcoin ETFs such as XRP and Solana approval increase, Hougan said the SEC is becoming more willing to evaluate and subsequently approve these ETFs.

The Table Will Be Clearer Within 6 Months!

In the face of recent reports, although the chances of approval for XRP ETFs are lower compared to other altcoins, it was noted that the situation has improved for XRP ETFs in recent months.

Hougan, who pointed out that more clear information will be available within six months regarding XRP and altcoin ETF applications, said the following:

I can say that you need to be realistic about approval speed. I think even a crypto-friendly SEC would take the time to analyze and gather public opinion.

My view is that there is a long way ahead of XRP ETFs.

In addition, we want to adopt a SEC-compliant perspective and help investors access XRP and other ETFs. We will learn what will happen in the altcoin ETF space over the next six months.

Hougan finally stated historically that spot ETFs were launched only when there was a regulated futures market for that asset, such as gold and Bitcoin, “Although a futures market for XRP ETFs is not necessary, how this absence will affect the ETF approval process will be seen in the coming months.”

Bloomberg analysts said in their recent report that the XRP ETF is less likely to be approved compared to Litecoin (LTC) and other altcoin ETFs.

According to Bloomberg analysts Eric Balchunas and James Seyffart, the Litecoin ETF has a 90% chance of approval; the Solana ETF has a 70% chance; the XRP ETF has a 65% chance, and the Dogecoin ETF has a 75% chance.