Ripple’s President, Monica Long, sheds light on the possibility of launching an XRP ETF, addressing the interest within the market and indicating it as a logical progression.
Consideration of XRP ETF Feasibility by Ripple’s President
In a recent CNBC interview, Monica Long discussed the growing curiosity around an XRP ETF and expressed optimism about its potential. She pointed out the regulatory clarity of XRP in the United States, emphasizing its status alongside Bitcoin.
Long highlighted the performance of XRP in the crypto market, noting its position among the top 10 cryptocurrency assets by market capitalization and top 5 in trading volume, suggesting a strong case for an XRP ETF.
With the recent approval of Spot Bitcoin and Ethereum ETFs, XRP has garnered attention, with analysts speculating on its likelihood of becoming the next cryptocurrency to receive an ETF.
However, the legal dispute between Ripple and the SEC poses a significant obstacle to the launch of an XRP ETF, similar to the challenges faced by Ethereum in the past.
Despite the regulatory uncertainties, Ripple’s CEO, Brad Garlinghouse, remains hopeful for an XRP ETF approval by 2025.
Ripple Plans to Launch Stablecoin Soon
Monica Long also discussed Ripple’s plans to introduce a stablecoin, emphasizing its importance in the volatile crypto market. While specific details about the stablecoin’s launch date and features are undisclosed, Long hinted at a potential launch later this year.
She recognized stablecoins’ significant market capitalization and their role as a secure payment option for users looking to move and safeguard their assets.
