Matt Hougan, Chief Investment Officer of Bitwise Asset Management, revealed that XRP’s limited supply combined with Wall Street interest is creating a major opportunity.
In a recent XSpaces session with Eleanor Terrett, he explained that Bitwise’s XRP ETF on the NYSE gives institutional investors a regulated way to access the token. As a result, Hougan said this move opens a door for large financial advisors who have long wanted exposure to XRP.
He added, “When you have more people able to buy an asset with limited supply… that is very positive.” According to analyst Diana, Hougan pointed out that XRP comes up in many of his roughly 15,000 annual meetings with top advisors.
In other words, “$XRP keeps coming up. They want to know what we think,” he said. The ETF allows these advisors to finally express their interest in a regulated way.
Notably, XRP has a fixed supply of 100 billion tokens, all created at the start. Moreover, a small portion is burned with each transaction, making it scarcer over time. Hougan explained that this scarcity could create upward price pressure as more institutional money flows in through the ETF.
On the first trading day, the ETF saw around $25 million in volume with over 1.14 million shares exchanged. Bitwise seeded the fund with spot XRP, held safely with Coinbase, to ensure it is backed by real tokens.
He described the ETF as “one of the top launches of the entire year.” Additionally, the fund’s 0.34% management fee is waived for the first month on up to $500 million in assets to encourage early adoption. Hougan emphasized that opening regulated access to XRP unlocks a “new demand engine” for institutional investors.
Even with a strong start, some risks remain. If demand does not grow or big holders sell, XRP could face less buying pressure. Other ETFs might take some investors, and the overall market could affect interest.
That said, Bitwise’s XRP ETF makes it easier for big investors to buy crypto safely. With limited supply, rising interest and simple access, XRP is moving into a new stage as a serious investment.
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