- Ripple President Monica Long stated that a Spot XRP ETF is likely to be approved next after Bitcoin and Ethereum ETFs, following the change in US administration.
- Long believes the new administration will accelerate the approval of crypto ETF filings, including for XRP.
- Ripple is also pushing its new RLUSD stablecoin, which Long says will be available on more exchanges soon.
The President of Ripple, Monica Long, has recently made a bold prediction regarding the imminent approval of a Spot XRP ETF. This news comes in the wake of Bitcoin and Ethereum gaining their ETF approvals in the previous year.
The Rising Popularity of Ripple’s Stablecoin
Owing to the increasing popularity of Ripple’s USD (RLUSD) stablecoin, the firm’s president believes that a Spot XRP ETF is the next crypto investment product on the approval pipeline. She further stated that the upcoming change in administration could potentially bolster the prospects of cryptocurrency.
Potential Candidates for the Next ETF
The speculation about the next ETF has been ongoing, with many eyeing Solana (SOL) as a potential candidate, whilst XRP grapples with its regulatory challenges. However, Ripple might be on the brink of a breakthrough, given the expected changes this year that could position it as the third crypto-based ETF in the United States.
The Legal Battle with SEC
The past few years have seen Ripple embroiled in a lengthy legal battle with the U.S Securities and Exchange Commission (SEC) over its XRP token. But with the former Chairman, Gary Gensler stepping down and the pro-crypto candidate Donald Trump returning to the White House, Ripple could be in for a remarkable year in 2025.
The Future of Crypto ETFs According to Ripple’s President
In a recent interview with Bloomberg, Monica Long, Ripple’s President, expressed her belief that an XRP ETF is likely to be the next approval. This prediction follows the approvals of Bitcoin and Ethereum’s ETFs in early last year. Long also highlighted the leadership change in the country as a pivotal factor.
Ripple’s 2025 Plans
Ripple is not only focusing on the XRP ETF but also laying emphasis on its new stablecoin offering. Monica Long assured that RLUSD would soon be available on more exchanges, signifying that the project is a significant part of the company’s 2025 strategies.
Conclusion
The President of Ripple’s optimistic forecast about the approval of a Spot XRP ETF underscores the potential growth of cryptocurrencies. As we move into a new era of leadership and increased acceptance of digital currencies, the landscape of crypto investment products is likely to witness significant changes.
