XRP Positioned for Spot ETF Approval
Ripple’s President Monica Long has announced that XRP could be next in line for spot exchange-traded fund (ETF) approval in the United States, following the success of Bitcoin and Ethereum spot ETFs last year.
In a recent Bloomberg interview, Long expressed confidence that XRP ETF filings will accelerate in 2025, with several companies already having submitted applications for regulatory review.
The approval of Bitcoin (BTC) and Ethereum (ETH) ETFs in 2024 marked a pivotal moment in the cryptocurrency market, driving institutional interest and providing a regulated way for investors to gain exposure to digital assets.
Ripple’s Growing Stablecoin Influence with RLUSD
In addition to XRP’s ETF ambitions, Ripple’s RLUSD stablecoin has been making waves in the market. Launched in December 2024, RLUSD has already secured listings on major platforms such as Bullish.
Monica Long emphasized that demand for stablecoin products is growing, predicting further exchange listings and announcements about RLUSD’s availability in the near future.
RLUSD’s success mirrors a broader trend in the market where regulated stablecoins are becoming a crucial part of the digital asset ecosystem, enabling faster cross-border transactions and providing a stable store of value.
Why XRP Could Be the Next ETF Approval
Several factors support Ripple’s confidence in XRP being next for spot ETF approval:
- Regulatory Clarity: The SEC’s approval of Bitcoin and Ethereum spot ETFs has set a precedent for other digital assets like XRP.
- Institutional Interest: A growing number of companies have already filed for XRP spot ETFs, indicating market demand.
- XRP Utility: Ripple’s XRP Ledger (XRPL) is widely used for cross-border payments, emphasizing its real-world utility.
A Transformative Year Ahead for Crypto Markets
Long’s prediction that 2025 will be a pivotal year for the crypto market aligns with increasing institutional interest and regulatory milestones.
Key Developments to Watch:
- Potential XRP ETF Approval and its impact on market liquidity.
- Expanded RLUSD listings across major exchanges.
- Broader acceptance of crypto ETFs beyond Bitcoin and Ethereum.
Conclusion
Ripple’s leadership is optimistic about XRP’s ETF approval in 2025, signaling growing institutional acceptance of digital assets. Alongside the expansion of the RLUSD stablecoin, Ripple continues to position itself as a key player in the evolving crypto landscape.
As the regulatory environment matures, XRP’s approval could mark another significant milestone for the crypto market, further bridging the gap between traditional finance and decentralized assets.