Ripple President Monica Long recently indicated that the approval of an XRP exchange-traded fund (ETF) could be on the horizon, thanks to a more favorable regulatory environment for cryptocurrencies in the U.S. During an interview with Bloomberg on Tuesday, Long shared her optimistic view that U.S. crypto regulations will support the approval of XRP ETFs soon.
“I believe we will see an XRP ETF very soon,” Long said. “The market is ripe for more crypto spot ETFs, and XRP is likely to follow Bitcoin and Ethereum in terms of approval. With the new administration, we expect the approval process for these filings to accelerate.”
In addition to discussing the potential for an XRP ETF, Long highlighted Ripple’s stablecoin, RLUSD, which launched in December on both the Ethereum and XRP Ledger blockchains. RLUSD has seen significant market traction, currently holding a market cap of $72 million, and Long anticipates it will soon be listed on more exchanges.
Ripple’s RLUSD stablecoin has also partnered with Chainlink to enhance its capabilities within decentralized finance (DeFi) protocols, further strengthening its position in the growing digital asset space.
Ripple’s recent success has been bolstered by a shift in the U.S. business climate. Long reported that Ripple signed more U.S. deals in the final six weeks of 2024 than in the preceding six months, highlighting a positive change in the business environment following the election.
XRP has gained more than 300% since Trump’s election, with the coin leading the charge in the crypto space, driven by optimism around the potential regulatory changes in the U.S. that are seen as supportive for Ripple and similar companies.
