Ripple President Monica Long expressed optimism regarding the possibility of an XRP exchange-traded fund (ETF), emphasizing its potential value.
Further, Long highlighted the company’s growing traction, citing increased demand for RWA tokenization and their venture into the stablecoin sector during a discussion with Arjun Kharpal in Amsterdam.
"I think it would make a lot of sense" – Ripple President on $XRP ETF pic.twitter.com/SNSWEYZFYa
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Ripple President: An XRP ETF Would Make Sense
During the conversation, Long discussed the escalating institutional interest in cryptocurrencies, particularly citing the approval of Bitcoin and Ethereum ETFs in the US. She also noted the potential for traditional players to enter the market through ETFs and the tokenization of real-world assets.
Long explained that stablecoins, currently valued at $160 billion, are forecasted to surge to $3 trillion in the coming years due to the demand for easy access to US dollars and efficient global payments. Ripple aims to introduce a trusted US dollar stablecoin to the market, leveraging its 10-year legacy as a trusted and compliant enterprise player.
The launch is expected later this year, with the company actively working on various aspects such as banking and distribution relationships, compliance, and the interplay between the stablecoin and XRP. Additionally, Long suggested that an XRP ETF could be a logical step, given XRP’s regulatory clarity and prominent market position.
Moreover, in a recent interview with FOX Business, Ripple CEO Brad Garlinghouse discussed the imminent launch of an XRP spot exchange-traded fund (ETF), echoing sentiments expressed by the company’s president and other key figures in the cryptocurrency space.
Ripple Labs CEO Brad Garlinghouse discussed Spot XRP ETFs on Fox Business, predicting XRP, SOL, and ADA might follow Ethereum and Bitcoin in receiving Spot crypto ETFs. Speaking to Liz Claman, Garlinghouse called an XRP ETF "inevitable," forecasting its arrival by 2025. He…
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Regulatory Shifts and the Path to Approval
Garlinghouse emphasized the necessity of diversification in crypto investments, pointing out the importance of spot ETFs. He noted the rapid valuation growth of the U.S. Bitcoin spot ETFs, indicating a strong market appetite for crypto-based investment products. This trend, he believes, underscores the urgency for the introduction of other cryptocurrency ETFs, including XRP.
The CEO’s optimism regarding the XRP ETF launch stems from recent shifts in the Securities and Exchange Commission’s (SEC) approach to cryptocurrency regulation.
Despite regulatory challenges, Garlinghouse expressed confidence in a relatively near timeline for the XRP ETF launch, suggesting it could become a reality by 2025. He emphasized XRP’s unique features, such as speed and low transaction costs. Meanwhile, XRP has dipped by 0.24% over the last day and is trading at $0.5266.
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