Amid the rising popularity of Ripple’s USD (RLUSD) stablecoin, the company’s president, Monica Long, has said that a Spot XRP ETF is set to be the next crypto investment product approved after Bitcoin and Ethereum. Indeed, she stated that the impending administration change could be good for the cryptocurrency’s prospects.
There has long been speculation regarding which crypto could be the next ETF. Many had looked to Solana (SOL) while XRP dealt with its ongoing regulatory challenges. However, with big changes expected this year, that could be poised to propel Ripple to be just the third crypto-based ETF in the United States.
JUST IN: Ripple President says spot $XRP ETF “is likely to be next in line after Bitcoin and Ether.”
— Watcher.Guru (@WatcherGuru) January 8, 2025
Also Read: Bank of America’s Bold XRP Move: Ripple’s RLUSD Push Defies SEC Pressure
XRP ETF On The Way? Ripple’s President Certainly Thinks So
For much of the last several years, Ripple has seemingly been stuck. The company has been engaged in a years-long legal fight with the US Securities and Exchange Commission (SEC) over its XRP token. However, with former Chairman Gary Gensler stepping down and pro-crypto candidate Donald Trump entering the White House once again, it could be poised for a memorable 2025.
That is certainly what the company’s leadership believes. In a Bloomberg interview, Ripple President Monica Long stated her belief that an XRP ETF was set to be next. Indeed, its approval would follow Bitcoin and Ethereum’s that took place early last year.
Source: Blockhead.co
Also Read: Ripple (XRP) Poised to Hit $4 All-Time High: Here’s When
“I think we will see one very soon,” Long told the news outlet. “I think that we will see more crypto spot ETFs this year coming out of the US, and I think XRP is likely to be next in line after Bitcoin and Ether.” Moreover, Long specifically referenced the country’s change in leadership.
“We think, especially with the administration change, the approvals of those filings will accelerate,” Long noted. Additionally, this comes as the company is pushing its new stablecoin offering. Indeed, she assured RLUSD would be available on even more exchanges “imminently.” The project appears to be a big part of the firm’s 2025 plans.
