Bitwise CIO recommends starting to accumulate XRP as ETFs Kick Off

XRP price has been giving mixed signals lately but there is some exciting news on the horizon. Greyscale is set to launch the XRP Trust, which will give accredited investors direct access to XRP. This belief may lead to the XRP ETF attracting more traditional investors in the future.

Matt Hougan, CIO at Bitwise, recently appeared on the Thinking Crypto podcast. When asked about potential assets such as Avalanche, XRP or Cardano when discussing the Solana ETF, he said they are evaluating various assets but did not specify which are in the top ten.

“We're looking at a broader spectrum of assets. We're in the era of crypto ETFs. It's much harder to go from zero to one than it is to go from one to 100 with anything. But also in ETFs, it's going to take regulatory changes, maybe in the direction of how the SEC thinks about this market. It will make a difference,” he said.

Matt continued, “But there are a number of strong assets that deserve ETFs in my view. In Europe, these ETFs help investors gain safe, low-cost exposure to these assets. I think we will arrive in America. So, yes, stack the pillows behind your right shoulder. We are working on them,” he said.

Check out the current status of Solana ETFs

He further said that they are planning to enter the market. Depending on their progress and achievements, they may file for the EFF in 2025.

They explained that they are closely analyzing the SEC's position. The SEC initially rejected the first two applications, but this does not mean that the opportunity is closed – remember, Bitcoin ETFs were rejected for ten years before they were approved.

Bitwise focuses on addressing concerns about market manipulation and demonstrating protections through data. They are passionate about the Solana ecosystem and believe it is robust, but the timing of their documentation depends on their research and results.