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06/02 09:04

XRP ETF will take time, despite pro-crypto US admi

XRP ETF will take time, despite pro-crypto US administration

As the push to create an altcoin ETF intensifies with the changing political landscape and the new SEC administration under President Donald Trump, the potential approval of a spot XRP exchange-traded fund is becoming a focal point.

Matt Hogan, chief investment officer at Bitwise, which has also filed for an XRP ETF, recently shared his perspective on the approval process for these products, commenting on the growing interest and fluctuating trends surrounding them. He emphasized that the increasing number of applications for the XRP ETF could increase the likelihood of SEC approval, along with other altcoin ETFs.

While the SEC’s stance on altcoin ETFs like XRP and Solana is evolving, Hogan stressed that while XRP’s chances are currently slim compared to others, the situation has improved significantly in recent months. He suggested that clearer decisions on approval will emerge in the next six months.

The expert highlighted the SEC's cautious approach, emphasizing that even with a more crypto-friendly administration, the approval process will require in-depth analysis and public feedback.

“ The pace may be slow, but in six months we will have a clearer picture ,” Hogan said. He also noted that historically, spot ETFs have only launched after a regulated futures market for the underlying asset has been established, citing gold and Bitcoin as examples. While XRP may not have an established futures market, the director mentioned that its impact on the ETF approval process will unfold over time.

A recent Bloomberg report also weighed in on the likelihood of an XRP ETF approval. Analysts Eric Balciunas and James Seyfarth predicted a 65% chance of approval, putting it behind Litecoin (90%), Solana (70%), and Dogecoin (75%) in terms of likelihood of approval.

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