Ripple President Suggests XRP ETF Could Follow Bitcoin and Ether ETFs

XRP ETF Could Be the Next Big Thing for Crypto in the U.S.

Ripple President Monica Long revealed in a Bloomberg interview on Tuesday that an XRP exchange-traded fund (ETF) may soon enter the U.S. market. She pointed out that favorable U.S. crypto legislation, coupled with a potentially crypto-friendly administration, could accelerate the approval of XRP ETFs.

Long stated, “I think that we will see more spot ETFs this year coming out of the U.S., and I think XRP is likely to be next in line after bitcoin and ether. We think, especially with the administration change, the approvals of those filings will accelerate.”

Ripple’s Strategic Developments

Beyond ETFs, Ripple’s RLUSD stablecoin is poised to expand its influence in the financial and payments ecosystem. Regulated by the New York Department of Financial Services, RLUSD adheres to a rigorous compliance framework, ensuring security and reliability. Recent integration with Chainlink’s standard boosts its utility in decentralized finance (DeFi) protocols, enhancing cross-blockchain functionality.

Ripple anticipates RLUSD will become a key player in its money and payments operations, driving innovation and adoption across its ecosystem.

XRP ETF: Current Landscape

Several asset management firms, including Bitwise, Canary Capital, WisdomTree, and 21Shares, have filed for XRP ETFs. However, regulatory decisions remain pending. Ripple’s ongoing efforts to position XRP as a central player in financial innovation could lend momentum to these applications.

The Path Ahead

The approval of XRP ETFs could mark a significant milestone for Ripple and the broader crypto market. By establishing a framework that combines regulatory compliance with blockchain innovation, Ripple positions itself at the forefront of the evolving financial landscape. With legislative clarity on the horizon, the launch of an XRP ETF may unlock new opportunities for investors and pave the way for broader crypto adoption.

Ripple’s developments, coupled with its regulatory strides, continue to set the stage for XRP’s growth as a transformative force in the digital asset ecosystem. Investors and industry stakeholders alike will closely monitor the progression of these initiatives.