XRP’s price has been giving mixed signals lately but there is some interesting news on the horizon. Grayscale is set to launch an XRP Trust, which will give accredited investors direct access to XRP. This trust could lead to an XRP ETF in the future, attracting more traditional investors.

Matt Hougan CIO at Bitwise appeared on the Thinking Crypto podcast recently. While discussing Solana ETFs, when he was asked about other potential assets like Avalanche, XRP, or Cardano, he said that they are evaluating a range of assets but didn’t specify if they are in the top ten.

“We’re looking at a wide array of assets. We’ve entered the ETF era of crypto. It’s much harder to go from zero to one than it is to go from one to 100 in anything. But also in ETFs, it’s going to take regulatory changes, maybe changes in the direction of how the SEC thinks about this market,” he said.

Matt continued, “But there are a number of robust assets that deserve ETFs, in my view. In Europe, you see these ETFs helping investors get safe, low-cost exposure to these assets. I think we’re going to get there in the US. So, yeah, stack up the pillows behind your right shoulder. We’re working on them.”

A Look At The Current State of Solana ETFs

He then said they are contemplating entering the market to get a head start. They might file for ETFs in 2025, depending on their progress and findings.

He explained that they are closely analyzing the SEC’s stance. The SEC initially rejected the first two applications, but that doesn’t mean the opportunity is closed—remember, Bitcoin ETFs faced rejections for ten years before approval.

Bitwise is focusing on addressing concerns about market manipulation and showing protections through data. They’re enthusiastic about the Solana ecosystem and believe it’s strong, but the timing of their filings will depend on their research and results.

Earn more PRC tokens by sharing this post. Copy and paste the URL below and share to friends, when they click and visit Parrot Coin website you earn: https://parrotcoin.net0

PRC Comment Policy

Your comments MUST BE constructive with vivid and clear suggestion relating to the post.

Your comments MUST NOT be less than 5 words.

Do NOT in any way copy/duplicate or transmit another members comment and paste to earn. Members who indulge themselves copying and duplicating comments, their earnings would be wiped out totally as a warning and Account deactivated if the user continue the act.

Parrot Coin does not pay for exclamatory comments Such as hahaha, nice one, wow, congrats, lmao, lol, etc are strictly forbidden and disallowed. Kindly adhere to this rule.

Constructive REPLY to comments is allowed