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Home” Regulation” XRP ETF most likely to introduce after Bitcoin and Ether ETFs, states Ripple President
by
Vivian Nguyen
Jan. 8, 2025
Ripple predicts quick ETF approvals under brand-new management as United States accepts crypto development.
Image: Bloomberg Crypto
Secret Takeaways
- Ripple President expects an XRP ETF will release not long after Bitcoin and Ethereum ETFs.
- Ripple’s RLUSD stablecoin has actually reached a $72 million market cap and is broadening its circulation.
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Ripple President Monica Long prepares for an area XRP exchange-traded fund will introduce “ soon, likely the next significant crypto ETF after those connected to Bitcoin and Ethereum.
We will see numerous crypto ETFs this year coming out of the United States. XRP is most likely to be next in line after Bitcoin and ETH,” Long stated in an interview with Bloomberg Crypto today.
Bitwise, 21Shares, Canary Capital, and WisdomTree are amongst the companies that have actually submitted applications with the SEC for XRP ETFs. Long thinks a shift in regulative method under the inbound Trump administration will speed up the evaluation and approval procedure for these filings.
We believe particularly with the administration modification, the approval of those filings will speed up,” she stated.
Betting markets on Polymarket reveal 71% chances for an XRP ETF launch this year, though different ballot suggests lower self-confidence in approval by July’ s end.
Ripple President likewise talked about the development and adoption of Ripple’ s RLUSD stablecoin, which simply debuted last month and has actually gone beyond $72 million in market cap according to CoinGecko. The stablecoin is presently offered on numerous platforms consisting of Bitso, MoonPay, CoinMina, Bullish, Mercado Bitcoin, and B2C2.
When asked whether Ripple prepare for RLUSD listings on significant exchanges like Coinbase, she stated Ripple is actively working to note their stablecoin on more crypto exchanges.
We are continuing to broaden circulation and schedule of Ripple dollars on other exchanges. I believe you can anticipate to see more accessibility, more statements coming quickly imminently,” Long stated.
Long thinks the stablecoin market is growing and will continue to grow “ greatly this year. Provided stablecoin’ s essential function as on-ramps and off-ramps, as the crypto market grows, so will the need for stablecoins like Ripple’ s.
Our service doubled within payments in 2015, therefore we see a truly strong development trajectory for our payment option. And with that, Ripple United States dollar will have a superior function,” she stated.
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