Citing Bijing.com, Bitwise Chief Investment Officer Matt Hougan stated that strong community support, rather than just price or utility, is a key factor in driving the launch of XRP ETFs. Despite a recent price decline, XRP's loyal investor base is seen as crucial to the success of its spot ETF. Investors often seek broad exposure to cryptocurrencies but lack deep technical knowledge, making index products more appealing. Following Canary Capital's $250 million XRP ETF raise, multiple XRP ETFs are set to launch, including Franklin Templeton's on November 18 and Bitwise's on November 20.
XRP Community Drives ETF Launch, Bitwise CIO Suggests
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