Editor's PiCK
Matt Hogan: "Explosive Demand for XRP ETF... Expecting SEC Regulatory Easing"
Summary
- Matt Hogan revealed that demand for XRP ETF in the United States is considerably high.
- Interest in XRP ETF has been showing a rapid increase recently.
- Expectations for SEC's regulatory easing are reportedly acting as a factor increasing the likelihood of XRP ETF approval.
Analysis shows that demand for XRP spot Exchange-Traded Funds (ETFs) in the United States is considerably high.
According to cryptocurrency media TheCryptoBasic on the 21st, Matt Hogan, Chief Investment Officer (CIO) of Bitwise, stated in a recent interview with CNBC that "there is significantly high demand for regulated XRP investment products in the United States."
He explained that "interest in XRP ETFs, which had received relatively less attention compared to Bitcoin and Ethereum ETFs, is rapidly increasing."
Expectations for regulatory easing by the Securities and Exchange Commission (SEC) were also mentioned as a factor increasing the likelihood of ETF approval. Hogan added, "The SEC is showing an open stance toward discussions about new cryptocurrency assets," noting that "this will be a positive signal not only for XRP but also for Solana ETFs."
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
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