Bitwise is shuttering its BWOW Dogecoin ETF after only 10 months due to stagnant demand and a failure to attract institutional capital. This closure highlights a growing divide in the market, as investors pivot toward utility-driven assets like XRP and Solana which have attracted over $3 billion in 2026.
The CLARITY Act is poised to be the definitive catalyst for XRP by providing the long-awaited regulatory framework that distinguishes utility tokens from securities. This legislative milestone is expected to unlock massive institutional liquidity, potentially driving XRP toward its most significant price run since 2024.
RippleX's Jazzi Cooper confirms that the XLS-65 and XLS-66 protocols enable XRP to serve as collateral for institutional credit, creating a direct pathway for decentralized lending on the XRP Ledger. This development allows financial institutions to leverage XRP for liquid credit markets, potentially increasing the token's utility beyond simple cross-border payments.
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