Bitwise CIO Matt Hougan announced that regulatory barriers hindering XRP's adoption have been lifted, paving the way for broader investor exposure. This development led to the launch of Bitwise's spot XRP ETF, which has quickly become the second-largest in the U.S. with net assets of $292.75 million. Hougan emphasized XRP's resilience and community support, describing it as a "Lindy asset" with long-term staying power. The removal of legal uncertainties, particularly following the resolution of the SEC lawsuit, allows XRP to compete more fairly with other blockchain projects. Bitwise's confidence in XRP was evident as it filed for the ETF amidst regulatory challenges, and the fund has since attracted significant inflows, contributing to a total of $1.19 billion in net assets across the U.S. spot XRP ETF market.