The post Bitwise Investment Chief Expects a Major Record for XRP – “The XRP Army…” appeared on BitcoinEthereumNews.com. While much of the cryptocurrency industry remains wary of XRP, Bitwise’s chief investment officer, Matt Hougan, predicts the Ripple-linked cryptocurrency will make a record run in the exchange-traded fund (ETF) space. Hougan said that an XRP ETF “could easily reach $1 billion in size within the first few months.” Hougan argued that this forecast would far exceed the expectations of those wary of XRP: “People underestimate XRP because the median opinion in the crypto world is generally negative. But it is the community that buys the asset that determines the flow of funds, and the XRP Army is extremely passionate and loves XRP.” There are currently approximately 20 XRP ETF applications pending approval with the U.S. Securities and Exchange Commission (SEC). This number is just behind Bitcoin and Solana’s 23 applications. Ethereum has 16 applications, according to Bloomberg Intelligence analyst Eric Balchunas. Balchunas predicts that the number of crypto assets with ETFs will surpass 200 within the next 12 months. Just yesterday, Bitwise’s new Solana ETF launched, making a strong debut. According to on-chain analytics platform Santiment, large investors purchased approximately $560 million worth of XRP in the past week. These purchases coincide with the approaching SEC decision dates on three XRP ETF applications. According to Hougan, an ETF doesn’t need the general approval of the crypto community to be successful; what matters is a base of buyers willing to invest capital. “The XRP Army has shown incredible commitment despite years of regulatory uncertainty. Funding flows will therefore be much higher than many expected. ETFs die of lack of interest; that will not be the case with XRP.” Hougan noted that many altcoins, despite being technically strong, don’t have as passionate a community as XRP. Conversely, XRP stands out for its user loyalty despite criticisms of its centralization. Criticisms of… The post Bitwise Investment Chief Expects a Major Record for XRP – “The XRP Army…” appeared on BitcoinEthereumNews.com. While much of the cryptocurrency industry remains wary of XRP, Bitwise’s chief investment officer, Matt Hougan, predicts the Ripple-linked cryptocurrency will make a record run in the exchange-traded fund (ETF) space. Hougan said that an XRP ETF “could easily reach $1 billion in size within the first few months.” Hougan argued that this forecast would far exceed the expectations of those wary of XRP: “People underestimate XRP because the median opinion in the crypto world is generally negative. But it is the community that buys the asset that determines the flow of funds, and the XRP Army is extremely passionate and loves XRP.” There are currently approximately 20 XRP ETF applications pending approval with the U.S. Securities and Exchange Commission (SEC). This number is just behind Bitcoin and Solana’s 23 applications. Ethereum has 16 applications, according to Bloomberg Intelligence analyst Eric Balchunas. Balchunas predicts that the number of crypto assets with ETFs will surpass 200 within the next 12 months. Just yesterday, Bitwise’s new Solana ETF launched, making a strong debut. According to on-chain analytics platform Santiment, large investors purchased approximately $560 million worth of XRP in the past week. These purchases coincide with the approaching SEC decision dates on three XRP ETF applications. According to Hougan, an ETF doesn’t need the general approval of the crypto community to be successful; what matters is a base of buyers willing to invest capital. “The XRP Army has shown incredible commitment despite years of regulatory uncertainty. Funding flows will therefore be much higher than many expected. ETFs die of lack of interest; that will not be the case with XRP.” Hougan noted that many altcoins, despite being technically strong, don’t have as passionate a community as XRP. Conversely, XRP stands out for its user loyalty despite criticisms of its centralization. Criticisms of…

                                                                               Lawmakers in the US House of Representatives and Senate met with cryptocurrency industry leaders in three separate roundtable events this week.                     Members of the US Congress met with key figures in the cryptocurrency industry to discuss issues and potential laws related to the establishment of a strategic Bitcoin reserve and a market structure.On Tuesday, a group of lawmakers that included Alaska Representative Nick Begich and Ohio Senator Bernie Moreno met with Strategy co-founder Michael Saylor and others in a roundtable event regarding the BITCOIN Act, a bill to establish a strategic Bitcoin (BTC) reserve. The discussion was hosted by the advocacy organization Digital Chamber and its affiliates, the Digital Power Network and Bitcoin Treasury Council.“Legislators and the executives at yesterday’s roundtable agree, there is a need [for] a Strategic Bitcoin Reserve law to ensure its longevity for America’s financial future,” Hailey Miller, director of government affairs and public policy at Digital Power Network, told Cointelegraph. “Most attendees are looking for next steps, which may mean including the SBR within the broader policy frameworks already advancing.“Read more