XRP ETF Launch Nears as Ripple Monica Long Predicts Strong Crypto Regulation Support in the US
Ripple efforts to launch an XRP-based Exchange-Traded Fund (ETF) are rapidly progressing, with Ripple President Monica Long revealing in a recent Bloomberg interview that the much-anticipated ETF is closer than ever. This announcement has sparked optimism in the crypto market, with Long highlighting that supportive regulatory developments in the United States are paving the way for the potential launch of an XRP ETF, possibly in 2025.
XRP ETF: The Next Big Step for Ripple?
In the interview, Monica Long expressed confidence that XRP will likely be the next cryptocurrency to see an ETF launch, following Bitcoin and Ether. She emphasized that favorable regulatory changes under the current administration provide a unique opportunity for XRP’s inclusion in an ETF. According to Long, this regulatory shift has created an environment conducive to the launch of crypto-based financial products like the XRP ETF.
XRP ETFs allow investors to gain exposure to the performance of XRP without directly holding the cryptocurrency, similar to how traditional ETFs track assets like commodities or stocks. As XRP has seen substantial growth, with prices soaring over 300% since Donald Trump’s election victory in November 2024, the timing for such an ETF launch couldn’t be better.
Ripple’s Growing Market Presence
Ripple’s ongoing push for regulatory clarity is reflected in its broader strategy to expand in the United States. Long’s statements also highlighted that Ripple’s recently launched stablecoin, RLUSD, is expected to play a key role in the company’s future plans. The RLUSD, which debuted in December 2024 on both the Ethereum and XRP Ledger networks, has already achieved a market capitalization of $72 million, marking Ripple’s growing influence in the digital finance space.
In a bid to enhance RLUSD’s usability in decentralized finance (DeFi) applications, Ripple has partnered with Chainlink to provide robust price infrastructure. This partnership aims to integrate RLUSD into various DeFi protocols, allowing users to leverage the stablecoin in a wide range of financial applications.
XRP ETF Moves: Bitwise and Other Asset Managers Take Action
Ripple is not the only player eyeing an XRP-based ETF. In October 2024, leading asset management firm Bitwise submitted an application to the U.S. Securities and Exchange Commission (SEC) for approval to launch an XRP ETF. Other notable firms, including Canary Capital, WisdomTree, and 21Shares, have followed suit with similar filings, signaling strong interest in bringing XRP to traditional investors through the stock market.
However, despite the growing number of filings, there has been no official decision from the SEC regarding any of the applications as of now. That said, many analysts are optimistic that regulatory changes under President Trump’s administration will expedite the approval process, especially as the momentum for crypto-focused financial products continues to rise.
Ripple’s Expanding Influence in the Post-Election Business Climate
The business landscape in the United States has seen significant changes since Trump’s victory, with Ripple benefiting from the shift. According to the company, Ripple signed more deals in the U.S. in the last six weeks of 2024 than it had during the previous six months combined. This surge in business activity demonstrates the growing confidence in the crypto market and the favorable regulatory outlook under the current administration.
With the continued rise of XRP’s price, which has seen a dramatic increase of over 300% since Trump’s victory, it’s clear that both Ripple and the cryptocurrency market as a whole are riding a wave of optimism. XRP’s current price of $37,500 per coin (according to CoinGecko) reflects this positive sentiment, making the potential launch of an XRP ETF even more enticing to investors looking for exposure to the world of cryptocurrency.
As regulatory support strengthens and Ripple’s new ventures continue to gain traction, the launch of an XRP ETF could be just around the corner, marking a pivotal moment in the evolution of cryptocurrency investment.
