Imagine attending a crypto conference in Las Vegas—it’s like the Oscars, but instead of shiny gowns, everyone’s wearing hoodies and clutching their laptops like security blankets. That’s where Bitwise’s Matt Hougan, the kind of guy who probably dreams in charts and thinks “regulatory clarity” is a band name, took the stage. He cheerfully declared that the XRP ETF is “on track”—which is code for “we’re pretty sure it’s happening, or at least, we tell ourselves that to stay sane.”
According to Hougan, the market is “unlocking” faster than a crowded parking garage—more wealth platforms are opening, and the SEC, that beleaguered behemoth of regulatory uncertainty, is finally softening its stance. He explained that ETF approvals are like the sun rising after a long night of existential dread: “The approval of ETFs provided a lot of regulatory clarity… and now that the SEC is hopefully allowing more ETFs, it’s opening up significantly.” Yep, just like that. Who knew bureaucracy could be so optimistic?
He also dropped a bombshell about stablecoins. Apparently, these digital dollars might grow from $250 billion to over $2 trillion—yeah, trillion with a T—in just a few years—mostly for B2B payments, because nothing screams “fun” like billion-dollar bean counters. Hougan assured us, “You’re going to start feeling it in the next couple of months.” So, get those wallets ready. Or don’t. Whatever.
When someone dared ask about the elusive XRP ETF, Hougan looked like a kid trying to hide his gift from Santa—and replied, “We’re on track.” Sounds promising, right? He mentioned filings being “live at the SEC,” which sounds like a police raid but is really just paperwork. He also hinted that institutions are eyeing assets beyond Bitcoin—like XRP and Solana—so maybe the SEC will have no choice but to give up and approve. Maybe.
As a final note, Bitwise officially filed their paperwork on October 2, 2024, and got formal approval on February 18, 2025. The grand verdict? Expect a call by October 20, 2025 — or maybe not, but let’s pretend it’s imminent. And hey, if it all works out, we can finally tell our grandkids we were there, clutching our laptops, waiting for the crypto gods to smile upon us. 😂🚀
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2025-06-05 22:17