The conversation about cryptocurrency Exchange-Traded Funds (ETFs) continues to surprise the crypto markets every day, and this time XRP seems to be central. During the recent XRP Las Vegas event, Matt Hougan, Chief Investment Officer shared his opinion about how close the market could be when seeing an XRP ETF.
Investors who like to be more than just Bitcoin
Speaking during the event, Hougan explained how ETFs have become the go-to option for crypto-friendly investors who are looking for simple, regulated access to digital assets. So far, Bitcoin ETFs have put ETFs first, but attention now turns to other popular tokens such as XRP and Solana.
When asked how quickly these new ETFs could arrive, Hougan said that he could not comment on specific archives, but hinted that the industry is stable.
Signs of progress at the SEC
Hougan said different signs indicate that things move in the right direction. Regulated Futures Trade is expanding and the US Securities and Exchange Commission (SEC) is starting to consider more innovative crypto products.
“We reach the point in the timeline where the SEC yes or no,” explained Hougan, adding that he remains hopeful about major announcements this year.
Growing institutional demand for XRP
Another reason for his positive attitude is the rising importance of institutional investors. According to Hougan, many large investors already have exposure to Bitcoin as a cover against inflation and financial risks. Now they want to broaden their portfolios and investigate what other blockchain networks such as XRP can offer – from stablecoins to tokenized assets.
“The demand for non-bitcoin crypto investments is growing rapidly,” Hougan said. According to him, people would like to see what blockchain technology can do more.
Final word
Although there is no official approval yet, industry -insiders such as Matt Hougan believe that it is only a matter of time before XRP ETFs and other crypto investment products start to win the green light. And if that happens, it can open the door for a new dash of institutional money that flows in the XRP market.