Bitwise CIO Matt Hougan emphasized the pivotal role of community support in the launch of XRP ETFs, highlighting that investor loyalty is crucial despite recent price declines. The strong backing from XRP's investor base is seen as essential for the success of its spot ETF offerings. Following Canary Capital's $250 million XRP ETF raise, several XRP ETFs are poised to debut, with Franklin Templeton's set for November 18 and Bitwise's on November 20.