While the First Steps Are Being Taken for the XRP ETF, Bitwise Announced Its Expectations! "Within Six Months…"

As expectations for altcoin ETFs increase with Donald Trump becoming president and the new SEC administration, the possibility of an XRP ETF is being closely monitored.

Matt Hougan, Chief Investment Officer at Bitwise, which also has an XRP ETF application, evaluated the approval potential of XRP ETFs and provided information about their current status in a recent interview.

Noting that there is a volatile trend in XRP ETFs, Matt Hougan said that new companies' XRP ETF applications increase the chances of the SEC approving XRP and other altcoin ETFs.

As talk of approvals for altcoin ETFs like XRP and Solana grows, Hougan said the SEC is increasingly willing to evaluate and subsequently approve these ETFs.

The Table Will Become Clearer in 6 Months!

He noted that while the chances of approval for XRP ETFs are slim compared to other altcoins, the situation for XRP ETFs has improved in recent months, according to recent reports.

Hougan stated that clearer information will be available on XRP and altcoin ETF applications within six months, and said:

“I would say you have to be realistic about the pace of approval. I think even a pro-crypto SEC will take the time to analyze it, get public comment.

My view is that XRP ETFs have a long road ahead.

“Also, in our view, the SEC wants to take a compliant view and help investors access XRP and other ETFs. We will find out what happens on the altcoin ETF front in the next six months.”

Hougan finally noted that historically, spot ETFs have only been launched when there is a regulated futures market for that asset, such as gold and Bitcoin. “While a futures market is not required for XRP ETFs, how this lack will impact the ETF approval process will become clear in the coming months,” he said.

Bloomberg analysts said in a recent report that the XRP ETF has a lower probability of approval compared to Litecoin (LTC) and other altcoin ETFs.

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

*This is not investment advice.